LIBERALIZATION MAY SLOW DOWN
The Washington Consensus emerged from the systematization of a way of thinking that was certainly present from the very early postwar years, but not widely recognized until the 1970s. Before this time, during the ‘trente glorieuses’ (the 30 years of exceptional economic growth following the war), the Western European powers built ‘welfare states’ and variations of a ‘social market economy.’
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02 апреля 2010
LIBERALIZATION MAY SLOW DOWN
The Washington Consensus emerged from the systematization of a way of thinking that was certainly present from the very early postwar years, but not widely recognized until the 1970s. Before this time, during the ‘trente glorieuses’ (the 30 years of exceptional economic growth following the war), the Western European powers built ‘welfare states’ and variations of a ‘social market economy.’
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02 апреля 2010
THERE HAVE NOT BEEN AND NEVER WILL BE GLOBAL RULES OF MANAGEMENT
The Washington consensus took shape under the influence of the positive experience of Reaganomics, and came to symbolize that such experience could be used in the developing countries. The debt crisis of the 1980s in Latin America worked as a stimulus for it to appear.
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02 апреля 2010
