The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries

Posted: 20 Aug 2001

See all articles by Charles Gore

Charles Gore

United Nations - Conference on Trade and Development (UNCTAD)

Abstract

The introduction of the Washington Consensus involved not simply a swing from state-led to market-oriented policies, but also a shift in the ways in which development problems were framed and in the types of explanation through which policies were justified. Key changes were the partial globalization of development policy analysis, and a shift from historicism to a historical performance assessment. The main challenge to this approach is a latent Southern Consensus, which is apparent in the convergence between East Asian developmentalism and Latin American neostructuralism. The demise of the Washington Consensus is inevitable because its methodology and ideology are in contradiction.

Keywords: development theory, development policies, World Bank/IMF policies

Suggested Citation

Gore, Charles, The Rise and Fall of the Washington Consensus as a Paradigm for Developing Countries. Available at SSRN: https://ssrn.com/abstract=253005

Charles Gore (Contact Author)

United Nations - Conference on Trade and Development (UNCTAD) ( email )

Palais des Nations
Geneva, 1211
Switzerland

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