Endless talks about the ‘Washington Consensus’ occurred in response to the many difficulties connected with transformation of the Russian economy and society. This idea was also supplemented on the back of crisis events in the West. The principles which were embodied in its original inception seemed to becoming obsolete and there was a need to replace them.

The ‘Washington Consensus’ is a system of ten macroeconomic policy principles that was formulated by the American economist John Williamson. The article was called ‘What Washington Means by Policy Reform’. Where did he derive the principles that he focuses on in this publication?

Dear Professor Williamson, in your opinion, does the return to progressive and socioliberal practices that existed before the advent of the Washington Consensus represent a new form of global crisis management? Or do you think we need an even stricter implementation of neoliberal prescriptions for the sake of the ‘final abolishment of paternalism and colonialism’? Is some new form of global crisis management possible? If the answer is yes, then what principles could serve as a foundation for such a new model?