Narcis Serra, Joseph E. Stiglitz (Editors) - The Washington Consensus Reconsidered: Towards a New Global Governance
Publisher: Oxford University Press 2008 | ISBN: 0199534098 | PDF | 384 pages | 1,88 mb
Publisher: Oxford University Press 2008 | ISBN: 0199534098 | PDF | 384 pages | 1,88 mb
This volume brings together many of the leading international figures in development studies, such as 2008 Nobel Prize in Economics winner Paul Krugman, Jose Antonio Ocampo, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyer and John Williamson to reconsider and propose alternative development policies to 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 offer differing 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 global governance.
Part I The Washington Consensus: From Its Origins to Its Critics
1. Introduction: From the Washington Consensus Towards a New Global Governance
Narcís Serra, Shari Spiegel, and Joseph E. Stiglitz
2. A Short History of the Washington Consensus
John Williamson
3. Inequality and Redistribution
Paul Krugman
4. Is there a Post-Washington Consensus Consensus?
Joseph E. Stiglitz
5. The Barcelona Development Agenda
Part II Analyses of Central Issues in Development
6. A Broad View of Macroeconomic Stability
José Antonio Ocampo
7. The Wild Ones: Industrial Policies in the Developing World
Alice H. Amsden
8. Sudden Stop, Financial Factors, and Economic Collapse in Latin America: Learning from Argentina and Chile
Guillermo A. Calvo and Ernesto Talvi
9. Towards a New Modus Operandi of the International Financial System
Daniel Cohen
10. The World Trading System and Implications of External Opening
Jeffrey A. Frankel
11. The World Trading System and Development Concerns
Martin Khor
12. Reforming Labor Market Institutions: Unemployment Insurance and Employment Protection
Olivier Blanchard
13. International Migration and Economic Development
Deepak Nayyar
Part III Towards a New Global Governance
14. The Future of Global Governance
Joseph E. Stiglitz
15. Growth Diagnostics
Ricardo Hausmann, Dani Rodrik, and Andrés Velasco
16. A Practical Approach to Formulating Growth Strategies
Dani Rodrik
