The Emerging Market Crisis and the Washington Consensus

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

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The Pandemic Exposes an Ailing US Governance Model

Current History ◽

10.1525/curh.2020.119.820.310 ◽

2020 ◽

Vol 119 (820) ◽

pp. 310-316

Author(s):

Alasdair Roberts

Keyword(s):

Financial Crisis ◽

Developing World ◽

Global Financial Crisis ◽

Political Polarization ◽

Washington Consensus ◽

The Past ◽

Governance Model ◽

Governance Challenges ◽

The Global Financial Crisis ◽

Current Governance

Since the 1990s and Bill Clinton’s embrace of key parts of Ronald Reagan’s legacy, mainstream US governance has been guided by a bipartisan consensus around a formula of shrinking the federal government’s responsibilities and deregulating the economy. Hailed as the ultimate solution to the age-old problem of governing well, the formula was exported to the developing world as the Washington Consensus. Yet growing political polarization weakened the consensus, and in a series of three major crises over the past two decades—9/11, the global financial crisis, and the COVID-19 pandemic—US policymakers opted for pragmatism rather than adherence to the old formula, which appears increasingly inadequate to cope with current governance challenges.

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Exchange Rate Pass-Through as a Commitment Device under Inflation Targeting in Emerging Market

Global Journal For Research Analysis ◽

10.15373/22778160/apr2014/15 ◽

2012 ◽

Vol 3 (4) ◽

pp. 44-46

Author(s):

Necibi Thameur ◽

◽

Olfa Manai Daboussi

Keyword(s):

Exchange Rate ◽

Inflation Targeting ◽

Emerging Market ◽

Pass Through ◽

Exchange Rate Pass Through ◽

Commitment Device

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Semiparametric Estimation of Land Value in an Emerging Market: The Case of Beijing

10.15396/eres2007_310 ◽

2007 ◽

Keyword(s):

Emerging Market ◽

Semiparametric Estimation ◽

Land Value

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Book Reviews

Acta Oeconomica ◽

10.1556/aoecon.55.2005.2.6 ◽

2005 ◽

Vol 55 (2) ◽

pp. 235-249

Author(s):

Csilla Varga ◽

György Lengyel ◽

Viktória Vásáry

Keyword(s):

Rural Development ◽

Emerging Market ◽

Social Position ◽

Emerging Market Economies ◽

Multifunctional Agriculture ◽

New Paradigm ◽

Ashgate Publishing ◽

Publishing Limited ◽

European Agriculture

Grzegorz W. Kolodko: Emerging Market Economies: Globalization and Development (Aldershot and Burlington: Ashgate, 2003, 281 pp.) - Reviewed by Csilla Varga); Mihály Laki - Júlia Szalai: Vállalkozók vagy polgárok? A nagyvállalkozók gazdasági és társadalmi helyzetének ambivalenciái az ezredforduló Magyarországán (Entrepreneur or Citoyen? Ambivalences of the Economic and Social Position of Great Entrepreneurs at the Turn of the Millenium in Hungary) (Budapest: Osiris, 2004, 271 pp.) - Reviewed by György Lengyel; Guido van Huylenbroeck - Guy Durand (eds): Multifunctional Agriculture. A New Paradigm for European Agriculture and Rural Development (Hampshire, England: Ashgate Publishing Limited, 2003, 239 pp.) - Reviewed by Viktória Vásáry

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