The Washington Consensus

Question

10 Sep 2024

Answer :

Word Count : 329

The Washington Consensus refers to a set of economic policy recommendations that emerged in the late 20th century, primarily associated with the policies advocated by international financial institutions such as the International Monetary Fund (IMF) and the World Bank. These recommendations, formulated by economist John Williamson in 1989, are grounded in neoliberal economic theories and emphasize market-oriented reforms to promote economic stability and growth in ______ _____ ___ ________ _______ ___ _______.
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