Author Description
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.
Menrva's Summary
THE THESIS
This volume investigates the limitations of the Washington Consensus and proposes alternative policy frameworks for global economic development. Edited by Nobel laureate Joseph E. Stiglitz and Narcís Serra, the book compiles contributions from prominent economists and policy experts to critique the historical application of market-fundamentalist policies. It argues that the original consensus failed to account for institutional nuances and social equity, necessitating a shift toward more comprehensive development strategies.
THE SCOPE MAP
What You Will Find
- Analysis of macro-stabilization, trade liberalization, and financial regulation policies.
- Critical evaluation of the historical formulation and interpretation of the Washington Consensus.
- Proposed reforms for international financial institutions and global governance structures.
Scope Limits
- The text does not provide a singular, unified policy manual but rather a collection of diverse academic perspectives.
- It focuses primarily on macroeconomic and institutional reform rather than micro-level implementation strategies.
THE AUTHORITY PERSPECTIVE
Experts recognize this volume as a significant contribution to the post-Washington Consensus discourse, frequently citing it for its breadth of academic contributors. Readers often note the high level of technical economic analysis, making it a standard reference for students and practitioners of international development policy.
Page Count:
400
Publication Date:
2008-01-01
ISBN-10:
0191538604
ISBN-13:
9780191538605
Economics
Public Policy
Developing Countries
Globalization