What is the cost of the "Washington Consensus"?
SummaryWhen orthodox, neo-liberal economic thought was re-launched in relation to capitalism's global crisis and to the exhaustion of the Keynesian interventionist model, the IMF and the World Bank led a process aimed at aligning the economic policies of the different Latin American countries....
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2011
- Institución:
- Universidad Industrial de Santander
- Repositorio:
- Repositorio UIS
- Idioma:
- spa
- OAI Identifier:
- oai:noesis.uis.edu.co:20.500.14071/7957
- Acceso en línea:
- https://revistas.uis.edu.co/index.php/revistahumanidades/article/view/2087
https://noesis.uis.edu.co/handle/20.500.14071/7957
- Palabra clave:
- Rights
- openAccess
- License
- Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)
| Summary: | SummaryWhen orthodox, neo-liberal economic thought was re-launched in relation to capitalism's global crisis and to the exhaustion of the Keynesian interventionist model, the IMF and the World Bank led a process aimed at aligning the economic policies of the different Latin American countries. The main lines proposed by the dominating discourse were the following: less state intervention and promotion of market forces; adjustment of domestic and foreign disequilibriums; commercial and financial penness, as well as flexibilization of the labour market, in search for productivity growth. The aim of this paper is to review different pieces of research, which have tried to estimate the cost of the so-called Washington Consensus, in terms of social restructuring and the quality of life of population. |
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