The Washington Consensus Reconsidered

Author : Narcís Serra,Joseph E. Stiglitz
Publisher : Oxford University Press on Demand
Page : 399 pages
File Size : 43,7 Mb
Release : 2008-04-24
Category : Business & Economics
ISBN : 9780199534081

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The Washington Consensus Reconsidered by Narcís Serra,Joseph E. Stiglitz Pdf

Introduction: From the Washington Consensus towards a new global governance / Narcís Serra, Shari Spiegel, Joseph E. Stiglitz -- A short history of the Washington Consensus / John Williamson -- Inequality and redistribution / Paul Krugman -- Is there a post-Washington Consensus consensus? / Joseph E. Stiglitz -- The Barcelona development agenda -- A broad view of macroeconomic stability / José Antonio Ocampo -- The wild ones : industrial policies in the developing world / Alice H. Amsden -- Sudden stop, financial factors, and economic collapse in Latin America : learning from Argentina and Chile / Guillermo A. Calvo, Ernesto Talvi -- Towards a new modus operandi of the international financial system / Daniel Cohen -- The world trading system and implications of external opening / Jeffrey A. Frankel -- The world trading system and development concerns / Martin Khor -- Reforming labor market institutions : unemployment insurance and employment protection / Olivier Blanchard -- International migration and economic development / Deepak Nayyar -- The future of global governance / Joseph E. Stiglitz -- Growth diagnostics / Ricardo Hausmann, Dani Rodrik, Andrés Velasco -- A practical approach to formulating growth strategies / Dani Rodrik.

Author : Narcís Serra,Joseph E. Stiglitz
Publisher : OUP Oxford
Page : 400 pages
File Size : 49,6 Mb
Release : 2008-04-24
Category : Political Science
ISBN : 0191538604

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The Washington Consensus Reconsidered by Narcís Serra,Joseph E. Stiglitz Pdf

This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate. The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offer differing perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of global governance.

Author : Robert Mason,Iwan Morgan
Publisher : Unknown
Page : 0 pages
File Size : 45,6 Mb
Release : 2019-11-12
Category : Liberalism
ISBN : 0813064449

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The Liberal Consensus Reconsidered by Robert Mason,Iwan Morgan Pdf

Here, leading scholars-including Hodgson himself-confront the longstanding theory that a liberal consensus shaped the United States after World War II. The essays draw on fresh research to examine how the consensus related to key policy areas, how it was viewed by different factions and groups, what its limitations were, and why it fell apart in the late 1960s.

Author : Shahid Javed Burki,Guillermo Perry
Publisher : World Bank Publications
Page : 172 pages
File Size : 54,5 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 0821342827

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Beyond the Washington Consensus by Shahid Javed Burki,Guillermo Perry Pdf

This report examines the precise nature of the required institutional reforms needed to achieve higher sustained rates of growth and to make a dent in poverty reduction and provides a framework for their design and implementation. The more modest objective is to examine how the concepts of the new institutional economics are useful for analyzing and designing institutions and to evaluate how political economy concepts can be used to develop strategies for implementing institutional reforms. Employing some of these concepts, the report demonstrates that sound institutional reform can be technically and politically viable in the following key sectors: banking; capital markets and legal institutions; educational institutions; judicial reforms; and public administration.

Author : John Marangos
Publisher : Routledge
Page : 225 pages
File Size : 48,7 Mb
Release : 2020-07-16
Category : Business & Economics
ISBN : 9780429534850

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International Development and the Washington Consensus by John Marangos Pdf

In this book, John Marangos offers an insightful analytical and theoretical review of the Washington Consensus and its successors among the mainstream. Following an intuitive structure, it explores international development and the Washington Consensus, as a critique through the lenses of Neoclassical economics, Post Keynesian economics, Institutional economics, and Marxist economics. Ultimately, it provides a compelling alternative perspective to the dominant development paradigm, and enables readers to identify the interconnections, interrelationships, and intercontradictions between different frameworks and policies. It will be a valuable supplementary reading for students, researchers, and policymakers in international development, development economics, heterodox economics, and the history of economic thought.

Author : Joseph E. Stiglitz
Publisher : W. W. Norton & Company
Page : 336 pages
File Size : 51,8 Mb
Release : 2017-11-28
Category : Business & Economics
ISBN : 9780393355222

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Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump by Joseph E. Stiglitz Pdf

An International Bestseller "Accessible, provocative, and highly readable." —Alan Cowell, New York Times In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize winner Joseph E. Stiglitz addresses globalization’s new discontents in the United States and Europe. Immediately upon publication, Globalization and Its Discontents became a touchstone in the globalization debate by demonstrating how the International Monetary Fund, other major institutions like the World Bank, and global trade agreements have often harmed the developing nations they are supposedly helping. Yet globalization today continues to be mismanaged, and now the harms—exemplified by the rampant inequality to which it has contributed—have come home to roost in the United States and the rest of the developed world as well, reflected in growing political unrest. With a new introduction, major new chapters on the new discontents, the rise of Donald Trump, and the new protectionist movement, as well as a new afterword on the course of globalization since the book first appeared, Stiglitz’s powerful and prescient messages remain essential reading.

Author : Dina Fainberg,Artemy M. Kalinovsky
Publisher : Lexington Books
Page : 222 pages
File Size : 50,5 Mb
Release : 2016-04-27
Category : History
ISBN : 9781498529945

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Reconsidering Stagnation in the Brezhnev Era by Dina Fainberg,Artemy M. Kalinovsky Pdf

This volume contributes to a growing reevaluation of the Brezhnev era, helping to shape a new historiography that gives us a much richer and more nuanced picture of the time period than the stagnation paradigm usually assigned to the era. The essays provide a multifaceted prism that reveals a dynamic society with a political and intellectual class that remained committed to the ideological foundations of the state, recognized the challenges that the system faced, and embarked on a creative search for solutions. The chapters focus on developments in politics, society, and culture, as well as the state’s attempts to lead and initiate change, which are mostly glossed over in the stagnation narrative. The volume challenges the assumption that the period as a whole was characterized by rampant cynicism and a decline of faith in the socialist creed and instead points to the persistence of popular engagement with the socialist ideology and the power it continued to wield within the Soviet Union.

Author : Christian Campbell
Publisher : Kluwer Law International B.V.
Page : 245 pages
File Size : 46,5 Mb
Release : 2023-06-12
Category : Law
ISBN : 9789403501079

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Comparative Law Yearbook of International Business by Christian Campbell Pdf

The Comparative Law Yearbook of International Business, published under the aegis of the Center for International Legal Studies, Austria, in this 44th volume, aims to add to the contemporary discourse by exploring a wide array of challenges faced in the arena of business law. It serves to provide insight to business law practitioners and academics on the latest developments. The following topics have been discussed: How uniformity of the treaties and conventions is compromised after they are subjected to the varied interpretation of domestic law. How the contractual laws of different jurisdictions deal with situations such as global health crises. The role of the World Trade Organization in enhancing the legitimacy of global economic governance within the scope of the trade laws. How the concept of naked licensing in trademark law differs in the United States, United Kingdom, and India. How the best effort clauses operate as a mechanism to deal with unenforceable obligations in pandemic-like situations and how it is difficult to implement and comply with the same. Whether PRIME Finance is the last link in the global governance of financial institutions on international law-making or just a part of the social circle. Whether mediation should be made compulsory for all commercial litigation cases or is it time for the new rendition of Halsey v. Milton Keynes? The legal challenges faced by the adoption of Insurtech in the Fintech Industry. How the ex-post mechanism of Corporate Insolvency and Bankruptcy laws differs with respect to the rights and position of creditors in the liquidation process in India and Germany. How the Corporate Governance Code varies across different jurisdictions such as Mainland China, Hong Kong, South Korea, Singapore, Japan, and Germany. How the international investment law uncovers the inequalities between foreign investors and states, developed and developing states, and foreign and domestic investors. The authors are practitioners and academics from Argentina, Australia, Belgium, China, Finland, Germany, Hong Kong, India, Singapore, South Korea, and the United Kingdom. They provide a nuanced perspective on a large spectrum of issues witnessed in the arena of business laws.

Author : Manfred Nowak
Publisher : University of Pennsylvania Press
Page : 256 pages
File Size : 54,9 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780812248753

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Human Rights Or Global Capitalism by Manfred Nowak Pdf

Human Rights or Global Capitalism examines the application of neoliberal policies from a human rights perspective and asks whether states, by outsourcing to the private sector many services with a direct impact on human rights, abdicate their responsibilities to uphold human rights and violate international law.

Author : Dani Rodrik
Publisher : Unknown
Page : 72 pages
File Size : 41,9 Mb
Release : 2003
Category : Commercial policy
ISBN : UCSD:31822031013048

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Growth Strategies by Dani Rodrik Pdf

"This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally given it credit. In particular, first-order economic principles protection of property rights, market-based competition, appropriate incentives, sound money, and so on do not map into unique policy packages. Reformers have substantial room for creatively packaging these principles into institutional designs that are sensitive to local opportunities and constraints. Successful countries are those that have used this room wisely. The second argument is that igniting economic growth and sustaining it are somewhat different enterprises. The former generally requires a limited range of (often unconventional) reforms that need not overly tax the institutional capacity of the economy. The latter challenge is in many ways harder, as it requires constructing over the longer term a sound institutional underpinning to endow the economy with resilience to shocks and maintain productive dynamism. Ignoring the distinction between these two tasks leaves reformers saddled with impossibly ambitious, undifferentiated, and impractical policy agendas"--NBER website

Author : Célestin Monga,Justin Yifu Lin
Publisher : OUP Oxford
Page : 704 pages
File Size : 48,8 Mb
Release : 2015-07-02
Category : Business & Economics
ISBN : 9780191510731

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The Oxford Handbook of Africa and Economics by Célestin Monga,Justin Yifu Lin Pdf

A popular myth about the travails of Africa holds that the continent's long history of poor economic performance reflects the inability of its leaders and policymakers to fulfill the long list of preconditions to be met before sustained growth can be achieved. These conditions are said to vary from the necessary quantity and quality of physical and human capital to the appropriate institutions and business environments. While intellectually charming and often elegantly formulated, that conventional wisdom is actually contradicted by historical evidence and common sense. It also suggests a form of intellectual mimicry that posits a unique path to prosperity for all countries regardless of their level of development and economic structure. In fact, the argument underlining that reasoning is tautological, and the policy prescriptions derived from it are fatally teleological: low-income countries are by definition those where such ingredients are missing. None of today's high-income countries started its growth process with the "required" and complete list of growth ingredients. Unless one truly believes that the continent of Africa-and most developing countries-are ruled predominantly if not exclusively by plutocrats with a high propensity for sadomasochism, the conventional view must be re-examined, debated, and questioned. This volume-the second of the lOxford Handbook of Africa and Economics-reassesses the economic policies and practices observed across the continent since independence. It offers a collection of analyses by some of the leading economists and development thinkers of our time, and reflects a wide range of perspectives and viewpoints. Africa's emergence as a potential economic powerhouse in the years and decades ahead amply justifies the scope and ambition of the book.

Author : D. Kingsbury
Publisher : Springer
Page : 228 pages
File Size : 45,5 Mb
Release : 2013-03-05
Category : Social Science
ISBN : 9780230389052

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Critical Reflections on Development by D. Kingsbury Pdf

Designed as a critique of the key failures of international development, this book brings together practitioners, policy-makers, researchers, activists, and academics in an attempt to work toward a shared conceptualisation of development by outlining and critically reflecting on their own understanding of development.

Author : Gilberto Seravalli
Publisher : Springer
Page : 144 pages
File Size : 54,8 Mb
Release : 2015-02-11
Category : Business & Economics
ISBN : 9783319153773

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An Introduction to Place-Based Development Economics and Policy by Gilberto Seravalli Pdf

This book introduces the reader to local development economics and policy, with a special focus on the place-based paradigm that covers its justification, its difficulties and the types of public intervention that it suggests. The starting point for the analysis is that economic development in lagging places is not to be expected as the result of a mechanism of automatic convergence between backward and advanced regions and that, therefore, the most appropriate development policy is not to maximize competition among all agents in all sectors and places. The failure of the Washington Consensus is examined, and the two competing positions to have emerged from this failure – spatially blind interventions and place-based policies – are contrasted. The main shortcoming of spatially blind policies, namely that immobile resources that could trigger or support a development process often remain untapped or “trapped”, is emphasized. The limitations of the “big push” state intervention and wage flexibility solutions to this trap are analyzed and the merits of place-based policies that support intervention and can deal with uncertainty, risk and conflict are discussed.

Author : Dani Rodrik
Publisher : Princeton University Press
Page : 278 pages
File Size : 50,6 Mb
Release : 2008-12-29
Category : Business & Economics
ISBN : 9781400829354

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One Economics, Many Recipes by Dani Rodrik Pdf

In One Economics, Many Recipes, leading economist Dani Rodrik argues that neither globalizers nor antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty, success usually requires following policies that are tailored to local economic and political realities rather than obeying the dictates of the international globalization establishment. A definitive statement of Rodrik's original and influential perspective on economic growth and globalization, One Economics, Many Recipes shows how successful countries craft their own unique strategies--and what other countries can learn from them. To most proglobalizers, globalization is a source of economic salvation for developing nations, and to fully benefit from it nations must follow a universal set of rules designed by organizations such as the World Bank, the International Monetary Fund, and the World Trade Organization and enforced by international investors and capital markets. But to most antiglobalizers, such global rules spell nothing but trouble, and the more poor nations shield themselves from them, the better off they are. Rodrik rejects the simplifications of both sides, showing that poor countries get rich not by copying what Washington technocrats preach or what others have done, but by overcoming their own highly specific constraints. And, far from conflicting with economic science, this is exactly what good economics teaches.

Author : McMillan, Margaret ,Rodrik, Dani,Sepúlveda, Claudia
Publisher : Intl Food Policy Res Inst
Page : 328 pages
File Size : 49,8 Mb
Release : 2017-05-11
Category : Political Science
ISBN : 9780896292147

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Structural change, fundamentals, and growth : a framework and case studies by McMillan, Margaret ,Rodrik, Dani,Sepúlveda, Claudia Pdf