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The Washington Consensus Reconsidered: Towards a New Global Governance (Initiative for Policy Dialogue)

by Narcis Serra (Editor), Joseph E. Stiglitz (Editor)

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This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyer and John Williamson to reconsider and propose alternative development policiesto the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate.The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offerdiffering perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of globalgovernance.… (more)
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Contrary to the title, this collection of essays about neoliberalization, otherwise referred to as "The Washington Consensus" is not just an anti-neoliberal polemic. The collection includes essays that defend it, and in fact define its doctrine in more concrete terms.

The book is therefore difficult to summarize as each individual essay has their own thesis, writing style, arguments, etc... The authors, to each their own, are some of the leading economic theorists of our time, including but not limited to John Williamson, Joseph Stiglitz, Paul Krugman, Jeffrey Frankel and more.

If you want to learn more about the macroeconomic theory behind the Friedman style economics, beyond the coles notes version you get in popular books like the "Shock Doctrine" of Naomi Klein, than this book is for you. ( )
  bruchu | Jan 19, 2009 |
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Author nameRoleType of authorWork?Status
Serra, NarcisEditorprimary authorall editionsconfirmed
Stiglitz, Joseph E.Editormain authorall editionsconfirmed
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This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyer and John Williamson to reconsider and propose alternative development policiesto the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate.The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offerdiffering perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of globalgovernance.

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