the Washington Consensus

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:government_agency
gptkbp:bfsLayer 4
gptkbp:bfsParent gptkb:Neoliberalism
gptkbp:advocates_for free markets
gptkbp:aims_to promote economic growth
gptkbp:applies_to gptkb:Latin_America
gptkbp:associated_with structural adjustment programs
gptkbp:consists_of ten economic policy prescriptions
gptkbp:developed_by gptkb:John_Williamson
gptkbp:has_influence_on development economics
https://www.w3.org/2000/01/rdf-schema#label the Washington Consensus
gptkbp:includes privatization of state-owned enterprises
fiscal discipline
deregulation
tax reform
liberalization of trade
secure property rights
financial sector reform
reduction of public spending
liberalization of foreign direct investment
gptkbp:influenced_by neoliberalism
gptkbp:is_affected_by gptkb:Educational_Institution
gptkbp:is_considered controversial
gptkbp:is_criticized_for gptkb:Joseph_Stiglitz
gptkb:Dani_Rodrik
gptkb:Naomi_Klein
gptkb:social_unrest
political instability
environmental degradation
loss of sovereignty
promoting inequality
lack of local context
fostering dependency on foreign aid
neglecting social safety nets
failing to address inequality
overemphasis on market solutions
promoting austerity measures
gptkbp:is_evaluated_by various economists
gptkbp:is_linked_to trade liberalization
economic liberalization
economic stabilization policies
market-oriented reforms
investment climate improvement
capital market reforms
gptkbp:is_often_depicted_as a one-size-fits-all approach
gptkbp:is_part_of globalization discourse
gptkbp:is_reflected_in economic policies of the 1990s
gptkbp:is_related_to Washington Consensus II
post-Washington Consensus
gptkbp:is_supported_by gptkb:International_Monetary_Fund
gptkb:World_Bank
gptkbp:is_used_in policy-making
gptkbp:led_to economic reforms in developing countries
gptkbp:published_by gptkb:1989
gptkbp:resulted_in mixed economic outcomes