Transcription of The Washington Consensus
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Policy Research Working Paper5316 The Washington ConsensusAssessing a Damaged BrandNancy BirdsallAugusto de la TorreFelipe Valencia CaicedoThe World BankOffice of the Chief EconomistLatin America and the Caribbean Region &Center for Global DevelopmentMay 2010 WPS5316 Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedProduced by the Research Support TeamAbstractThe Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished.
in terms of evolving economic development paradigms, ... It is hard to overemphasize the practical and ideological importance of the Washington Consensus in Latin America. The Decalogue of Consensus policies laid out by John Williamson ... owned firms and banks, subsidization of infant industries, central planning, widespread price
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