More instruments and broader goals: moving toward the Post-Washington Consensus

Mais instrumentos e objetivos mais amplos: rumo ao consenso pós-Washington

ABSTRACT

In this lecture the author acknowledges the failure of the “Washington Consensus” in promoting economic growth and proposes a new consensus where the state has again an active role. He starts from some lessons of the Asian crisis and concludes for the need of broadening the goals of development.

KEYWORDS:
Liberalization; economic growth; Washington consensus; determinants of development