The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
The objective of this paper is twofold. Firstly, we show how, and to what extent, Latin American and Caribbean countries applied the precepts of the second Washington consensus, i.e. a consensus which stresses the capital account liberalization. Secondly, we highlight the effects of this set of refo...
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| Format: | Article |
| Language: | English |
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Editora 34
2007-12-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400002 |
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doaj-9c0a797146df45b9ac42f6a4addc39b52020-11-25T00:11:54ZengEditora 34Brazilian Journal of Political Economy0101-31571809-45382007-12-0127452554510.1590/S0101-31572007000400002The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)Eric BerrFrançois CombarnousThe objective of this paper is twofold. Firstly, we show how, and to what extent, Latin American and Caribbean countries applied the precepts of the second Washington consensus, i.e. a consensus which stresses the capital account liberalization. Secondly, we highlight the effects of this set of reforms on their economies. Thus, we show that countries having most scrupulously followed these recommendations did not experience better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400002Washington consensusFinancial liberalizationMacroeconomic policyInternational financial institutionsLatin AmericaCaribbean |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Eric Berr François Combarnous |
| spellingShingle |
Eric Berr François Combarnous The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003) Brazilian Journal of Political Economy Washington consensus Financial liberalization Macroeconomic policy International financial institutions Latin America Caribbean |
| author_facet |
Eric Berr François Combarnous |
| author_sort |
Eric Berr |
| title |
The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003) |
| title_short |
The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003) |
| title_full |
The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003) |
| title_fullStr |
The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003) |
| title_full_unstemmed |
The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003) |
| title_sort |
false promises of the (second) washington consensus: evidence from latin america and the caribbean (1990-2003) |
| publisher |
Editora 34 |
| series |
Brazilian Journal of Political Economy |
| issn |
0101-3157 1809-4538 |
| publishDate |
2007-12-01 |
| description |
The objective of this paper is twofold. Firstly, we show how, and to what extent, Latin American and Caribbean countries applied the precepts of the second Washington consensus, i.e. a consensus which stresses the capital account liberalization. Secondly, we highlight the effects of this set of reforms on their economies. Thus, we show that countries having most scrupulously followed these recommendations did not experience better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others. |
| topic |
Washington consensus Financial liberalization Macroeconomic policy International financial institutions Latin America Caribbean |
| url |
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400002 |
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