I recently wrote an article called Whither the Washington Consensus? that was published on the page that I host at the Foreign Policy Association. My opinion as expressed in the article is that essentially, reports of the demise of the Washington Consensus are greatly exaggerated.
As a postcript, there is an interesting opinion piece on the Financial Times site today written by the head of emerging markets at Morgan Stanley calling the Washington Consensus dead, but declaring it replaced by a “get growing mantra.” I would submit, and I don’t necessarily think his article is at odds with mine, that despite a new mantra, the Washington Consensus is only dead in name only.
The Washington Consensus Fades into History Financial Times, August 3rd, 2003
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