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Introduction: From the Washington Consensus Towards a New Gobal Governance

Narcís Serra, Shari Spiegel, and Joseph E. Stiglitz

in The Washington Consensus Reconsidered: Towards a New Global Governance

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199534081
eISBN:
9780191714658
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199534081.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

The point of departure for this book is the Washington Consensus — the set of views about effective development strategies that have come to be associated with the Washington-based institutions: the ... More


Failures of the East Asian Development Model: An Overview

Yung Chul Park

in Economic Liberalization and Integration in East Asia: A Post-Crisis Paradigm

Published in print:
2005
Published Online:
February 2006
ISBN:
9780199276776
eISBN:
9780191603051
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199276773.003.0004
Subject:
Economics and Finance, South and East Asia

East Asian countries were showing many structural strains and rigidities prior to the crisis, partly due to cosmetic reform efforts. Four critical failures are identified: benign neglect of the ... More


How can Low-Income Countries Accelerate their Catch-Up with High-Income Countries? The Case for Open-Economy Industrial Policy

Robert H. Wade

in Good Growth and Governance in Africa: Rethinking Development Strategies

Published in print:
2011
Published Online:
May 2012
ISBN:
9780199698561
eISBN:
9780191738142
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199698561.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

A senior British civil servant working on economic issues declared in late 1930 (as the Great Depression ground on), “If I leave the office on Saturday feeling confident that in the past week I have ... More


Market and State

Yujiro Hayami and Yoshihisa Godo

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199272709
eISBN:
9780191602870
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199272700.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

The question of what kind of institutional set-up would be appropriate for promoting economic development is approached in terms of combination between market and state. The traditional debates on ... More


Towards a New Paradigm of Development *

Joseph Stiglitz

in Making Globalization Good: The Moral Challenges of Global Capitalism

Published in print:
2003
Published Online:
November 2003
ISBN:
9780199257010
eISBN:
9780191596223
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199257019.003.0005
Subject:
Economics and Finance, International

Building on his 1998 Prebisch lecture, presented at UNCTAD in Geneva, the author focuses on the form and content of a new (i.e. post Washington Consensus) paradigm of development, the role of ... More


Neoliberal Worlds

Jamie Peck

in Constructions of Neoliberal Reason

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199580576
eISBN:
9780191595240
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199580576.003.0001
Subject:
Business and Management, Political Economy

This chapter examines the range of popular and academic meanings of neoliberalism, including its associations with the ‘Washington Consensus’ and with ‘Thatcherism’, as a prelude to proposing a ... More


Constructions of Neoliberal Reason

Jamie Peck

Published in print:
2010
Published Online:
January 2011
ISBN:
9780199580576
eISBN:
9780191595240
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199580576.001.0001
Subject:
Business and Management, Political Economy

Amongst intellectuals and activists, neoliberalism has become a potent signifier for the kind of free-market thinking that has dominated politics for the past three decades. Forever associated with ... More


Introduction: Post-Soviet, Post-Social?

Stephen J. Collier

in Post-Soviet Social: Neoliberalism, Social Modernity, Biopolitics

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691148304
eISBN:
9781400840427
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691148304.003.0001
Subject:
Anthropology, Social and Cultural Anthropology

This introductory chapter provides a background of neoliberalism. During the 1990s, the Russian case and the battles over “transition,” the Washington Consensus, shock therapy, and structural ... More


Labour Market Institutions and Income Inequality: What are the New Insights after the Washington Consensus?

Rolph van der Hoeven and Catherine Saget

in Inequality Growth and Poverty in an Era of Liberalization and Globalization

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271412
eISBN:
9780191601255
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271410.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Looks at some of the labour market outcomes of recent economic reforms. The extent to which labour market institutions affect the relationship between reform policies and income inequality remains ... More


The Lure of Development Models

Robert Springborg

in Development Models in Muslim Contexts: Chinese, 'Islamic' and Neo-liberal Alternatives

Published in print:
2009
Published Online:
March 2012
ISBN:
9780748639687
eISBN:
9780748653171
Item type:
chapter
Publisher:
Edinburgh University Press
DOI:
10.3366/edinburgh/9780748639687.003.0021
Subject:
Society and Culture, Middle Eastern Studies

For more than half a century, the United States and the Soviet Union provided the political economy models for the developing world. However, in the end the Soviet model was relegated to the dustbins ... More


After the Cold War: The Age of ‘Soft Power’

David Ellwood

in The Shock of America: Europe and the Challenge of the Century

Published in print:
2012
Published Online:
September 2012
ISBN:
9780198228790
eISBN:
9780191741739
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198228790.003.0012
Subject:
History, European Modern History, American History: 20th Century

The chapter provides an overview of European responses to the surging economy, cultural inventiveness, and self-confidence of post Cold War America. It suggests that from this perspective, strong ... More


Introduction and Overview: Economic Transformation and Learning, Industrial, and Technology Policies in Africa

Akbar Noman and Joseph E. Stiglitz

in Industrial Policy and Economic Transformation in Africa

Published in print:
2015
Published Online:
May 2016
ISBN:
9780231175180
eISBN:
9780231540773
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231175180.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

Africa's development exeperience and its controversies; the case for industrial policies and an overview of the volume.


Growth Diagnostics *

Ricardo Hausmann, Dani Rodrik, and Andrés Velasco

in The Washington Consensus Reconsidered: Towards a New Global Governance

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199534081
eISBN:
9780191714658
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199534081.003.0015
Subject:
Economics and Finance, Development, Growth, and Environmental

Most well-trained economists would agree that the standard policy reforms included in the ‘Washington Consensus’ have the potential to be growth-promoting. What the experience of the last fifteen ... More


South African Post-Apartheid Policies Towards Industrialization: Tentative Implications for Other African Countries

Nimrod Zalk

in Good Growth and Governance in Africa: Rethinking Development Strategies

Published in print:
2011
Published Online:
May 2012
ISBN:
9780199698561
eISBN:
9780191738142
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199698561.003.0012
Subject:
Economics and Finance, Development, Growth, and Environmental

Economic theory and empirical-historical evidence demonstrate the unsubstitutable role that industrialization plays in the economic development process. As Africa's largest and most industrialized ... More


The Consensus Evolves

in Behind the Development Banks: Washington Politics, World Poverty, and the Wealth of Nations

Published in print:
2009
Published Online:
March 2013
ISBN:
9780226033648
eISBN:
9780226033679
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226033679.003.0007
Subject:
Political Science, Political Economy

This chapter investigates the political and intellectual trends in the 1990s that contributed to the erosion of the original Washington Consensus and the expansion of policy-based lending into new ... More


Accelerated development

Harry Blutstein

in The Ascent of Globalisation

Published in print:
2015
Published Online:
May 2016
ISBN:
9781784992897
eISBN:
9781526104311
Item type:
chapter
Publisher:
Manchester University Press
DOI:
10.7228/manchester/9781784992897.003.0008
Subject:
Political Science, Democratization

When Robert McNamara was appointed to head the World Bank, he left behind the disastrous Vietnam War, which he had vigorously prosecuted for LBJ. This departure from the Johnson Administration ... More


A Homeownership Consensus?

Nancy H. Kwak

in A World of Homeowners: American Power and the Politics of Housing Aid

Published in print:
2015
Published Online:
May 2016
ISBN:
9780226282350
eISBN:
9780226282497
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226282497.003.0007
Subject:
History, American History: 20th Century

In an era of explosive urban poverty and declining congressional support for American bilateral aid programs in the early 1970s, the World Bank took a more active role, beginning in Senegal and ... More


Some Foreseeable Disasters of the Global Economy: The High Cost of Neglecting Keynes’s Approach

Toshiaki Hirai, Maria Cristina Marcuzzo, and Perry Mehrling

in Keynesian Reflections: Effective Demand, Money, Finance, and Policies in the Crisis

Published in print:
2013
Published Online:
May 2013
ISBN:
9780198092117
eISBN:
9780199082506
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198092117.003.0014
Subject:
Economics and Finance, History of Economic Thought

The chapter revisits some foreseeable disasters of the recent history of the global economy, from the consequences of the failed attempt to construct a disciplinary international economic order based ... More


Land Market Liberalization and the Agrarian Question in Latin America

Michael R. Carter and RamóN Salgado

in Access to Land, Rural Poverty, and Public Action

Published in print:
2001
Published Online:
October 2011
ISBN:
9780199242177
eISBN:
9780191697036
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199242177.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

The priority which is now given to economic development policies that attempt to address inequality and poverty is furthered by the search for what Joseph Stiglitz referred to as the ‘post-Washington ... More


China’s Global Hybrid Model for Development under Globalization

Douglas B. Fuller

in Paper Tigers, Hidden Dragons: Firms and the Political Economy of China's Technological Development

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198777205
eISBN:
9780191822995
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198777205.003.0008
Subject:
Business and Management, Political Economy

China’s experience in technology-intensive industries suggests a new model of development: the global hybrid model. The global hybrid model relies on hybrid firms combining foreign finance and shared ... More


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