The ten commandents of development strategy: journey of the Washington consensus

The term Washington consensus has took on many different meanings since it emerged in the arena of development economics three decades ago. To the author himself, the term refers specifically to a list of ten policy recommendations, which he formulated. To the Bretton Woods institutions, th...

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Bibliographic Details
Main Author: Choy, Kin Sung
Other Authors: J Soedradjad Djiwandono
Format: Thesis
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/64969
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author Choy, Kin Sung
author2 J Soedradjad Djiwandono
author_facet J Soedradjad Djiwandono
Choy, Kin Sung
author_sort Choy, Kin Sung
collection NTU
description The term Washington consensus has took on many different meanings since it emerged in the arena of development economics three decades ago. To the author himself, the term refers specifically to a list of ten policy recommendations, which he formulated. To the Bretton Woods institutions, the term instead relates more to neoliberalism with a different set of policies proposed as evident in their structurally adjusted programmes. To many others, the term simply means the unwavering support for the market and the disdain for any non-market factors, including the government. The role of the Washington consensus in the developing world has raged much debate both among policymakers and academic scholars alike, and the conclusion arrived at is the popular belief that the Washington consensus is indeed dead and over. As the developing world prepares to enter into a post-Washington consensus era, it is an appropriate moment to take a step back and trace the intention of the original Washington consensus and follow through the developments that have unfolded before considering if the Washington consensus is truly a mistake in development economics and is best left forgotten or if it has indeed made positive contributions in shaping the developing world at the end of the previous millennium.
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spelling ntu-10356/649692020-11-01T08:33:58Z The ten commandents of development strategy: journey of the Washington consensus Choy, Kin Sung J Soedradjad Djiwandono S. Rajaratnam School of International Studies DRNTU::Business::International business The term Washington consensus has took on many different meanings since it emerged in the arena of development economics three decades ago. To the author himself, the term refers specifically to a list of ten policy recommendations, which he formulated. To the Bretton Woods institutions, the term instead relates more to neoliberalism with a different set of policies proposed as evident in their structurally adjusted programmes. To many others, the term simply means the unwavering support for the market and the disdain for any non-market factors, including the government. The role of the Washington consensus in the developing world has raged much debate both among policymakers and academic scholars alike, and the conclusion arrived at is the popular belief that the Washington consensus is indeed dead and over. As the developing world prepares to enter into a post-Washington consensus era, it is an appropriate moment to take a step back and trace the intention of the original Washington consensus and follow through the developments that have unfolded before considering if the Washington consensus is truly a mistake in development economics and is best left forgotten or if it has indeed made positive contributions in shaping the developing world at the end of the previous millennium. Master of Science (International Political Economy) 2015-06-10T01:57:35Z 2015-06-10T01:57:35Z 2014 2014 Thesis http://hdl.handle.net/10356/64969 en 55 p. application/pdf
spellingShingle DRNTU::Business::International business
Choy, Kin Sung
The ten commandents of development strategy: journey of the Washington consensus
title The ten commandents of development strategy: journey of the Washington consensus
title_full The ten commandents of development strategy: journey of the Washington consensus
title_fullStr The ten commandents of development strategy: journey of the Washington consensus
title_full_unstemmed The ten commandents of development strategy: journey of the Washington consensus
title_short The ten commandents of development strategy: journey of the Washington consensus
title_sort ten commandents of development strategy journey of the washington consensus
topic DRNTU::Business::International business
url http://hdl.handle.net/10356/64969
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