Washington Consensus: Landscape after Battles

Author(s):  
O. Anan'in ◽  
R. Khaitkulov ◽  
D. Shestakov

The essence of the Washington Consensus, its implementation in 1990s – early 2000s, and its influence on Russia's economic policy development during this period is thoroughly examined in the article. Both positive and negative aspects of the Consensus, as well as the role of John Williamson, the English economist who formulated these economic policy guidelines for the Latin American countries, further extended to all developing countries, are specified.

1999 ◽  
pp. 69-123
Author(s):  
Santiago Roca ◽  
◽  
Luis Simabuko ◽  

Peru”s recent economic policy, like that of most Latin American countries! has followed the paradigm of the socalled “Washington Consensus”. Such paradigm precludes the implementation of “strategic” industrial policies as well as the active and deliberate construction of competitive advantages through measures that foster certain sectors or activities. “Washington-Consensus” thinkers hold that the “magic of the market” and its indiscriminate opening will allow countries to acquire the necessary long-term external competitiveness, promote economic growth and enhance standards of living, regardless of the country”s productive specialization.


Author(s):  
P. Yakovlev

Modern processes in Latin America confirmed the fact that the twenty-first century is a period of historic growth of developing countries. In the last 12-15 years in the Latin American region there have taken place a wave of significant changes, a lot of States have become financially and economically stronger. The countries modernized their internal socio-political structures, strengthened democratic institutions and benefited from the globalization, that enabled them to strengthen their positions in the international arena. The changes visibly transform the regional political-economic context affecting all areas of external relations of the Latin American countries, define the new role of the region in the emerging world. All these processes allow to speak about substantial geopolitical developments in the situation of Latin America.


1993 ◽  
Vol 7 (1) ◽  
pp. 15-17
Author(s):  
Alice B. Lentz

Alice Lentz offers a brief view of the role of the Americas Fund for Independent Universities (AFIU) in relation to significant initiatives in various Latin American countries. In a region where the function and development of private higher education institutions is especially important, the focus of the AFIU's activities is on private universities' ability to provide trained business leaders with the skills necessary to meet the challenges of enterprise growth in these developing economies. She mentions in particular the strengthening of financing capabilities within the university, and the evolution of three-way partnerships among business corporations, AFIU, and universities in Latin America.


Dragonomics ◽  
2020 ◽  
pp. 93-129
Author(s):  
Carol Wise

This chapter undertakes a cross-regional comparison of the developmental paths of China and the Latin American countries of Argentina, Brazil, Chile, Mexico, and Peru (LAC 5). It traces the economic histories and policies implemented within the LAC-5 from the 1950s until the 1980s before turning to China to do the same from the 1980s onward. The author argues that the contrasting underlying logic between the Washington Consensus and the Beijing Consensus can explain the widely divergent outcomes in the development of Latin America and China.


2018 ◽  
Vol 40 (5) ◽  
pp. 921-942 ◽  
Author(s):  
Miguel A. Baeza ◽  
Jorge A. Gonzalez ◽  
Yong Wang

Purpose The purpose of this paper is to study how job flexibility influences job satisfaction among Mexican professionals, and focus on the role of key socio-cultural moderators relevant to Mexican society. Design/methodology/approach The paper explore how this relationship may be more important for women, employees with dependents such as children and elder parents and younger generations of professionals (e.g. Millennials). Findings The authors find that job flexibility is positively related to job satisfaction. This relationship is stronger for employees without dependents, as well as for younger generations of professionals (e.g. Millennials). Surprisingly, the relationship between job flexibility and job satisfaction does not differ by gender. The findings explain why job flexibility is more conductive to job satisfaction for employees without dependents, who tend to belong to younger generations. Originality/value Overall, the findings present important implications for managing job flexibility in Mexico and other Latin American countries, particularly for younger professionals.


Author(s):  
Angel Belzunegui Eraso ◽  
David Dueñas Cid

In this chapter we focus on the growth of “new religions” and new religious movements in Latin America and attempt to find explanations for this growth. Although other explanations for the increase in religious plurality exist, we focus on the role of women in this development. The expansion of movements such as Pentecostalism is challenging the centrality of Catholicism in many Latin American countries. Basically, we therefore aim to answer the following question: Why has Pentecostalism grown so much in some Latin American countries while Catholicism has experienced a certain decline? One possible explanation for this is the role of women in this expansion, which has fostered greater social cohesion within families and communities. Pentecostalism has led to a certain empowerment of the women living in precarious conditions, affording them greater visibility and importance within their communities and giving them a role in the re-education of behaviours that are rooted in male domination.


Author(s):  
Ariel R. Soto Caro

This chapter presents an empirical discussion about the relationship of agricultural industry and innovation in emerging economies. Then, a general revision of the innovation, agronomy and public policies associated will be reviewed. This chapter is immersed in the Chilean case. The author justifies that Chile can be a representative case because it is a country that wishes to become a world power in agro-food, but has very low investment in innovation. Besides, it has very low participation of agricultural innovative firms in the market. After the background is presented, innovation and development will be reviewed; subsequently, innovation in developing countries will be discussed, concluding with agro-innovation in Latin-American countries, especially in Chile.


Author(s):  
Atul Kohli

This chapter analyzes America’s global assertion in the post–Cold War period. This assertion has followed both economic and military pathways. The imposition of the Washington Consensus on Latin American countries is an example of economic assertion. The United States was moved in this direction to first rescue highly indebted American banks and then to roll back statist models of economic development in the region. Economic benefits to the United States were considerable. Latin American countries experienced a lost decade of growth, followed by some resumption of growth, but were still mainly dependent on commodity exports. Hard militarism in the Middle East has been motivated by goals that were vaguer but included establishing primacy over an oil-rich region. The results have been at best, mixed. The war in Iraq was very costly. A half million Iraqis died. The benefits to the United States are not obvious and Iraq struggles to be a functioning state under American influence.


2017 ◽  
Vol 7 (3) ◽  
pp. 75 ◽  
Author(s):  
Miguel Székely

This paper documents the recent trends in access and completion of higher education (HE) in 18 Latin American countries, and explores the relation with a series of context variables in order to verify different hypothesis about the changes observed. We find that access to HE among individuals in the working age population has risen in the region, while completion rates have fallen. Our cohort-level analysis shows that the recent expansion in HE enrollment has been mostly associated with the increase in Upper Secondary completion rates as opposed to an increase in the fraction of USE graduates who enroll in HE. Other factors associated with this expansion include economic growth and favorable labor market conditions. Nonetheless, the dominant role of “the pipeline” underscores the need to continue increasing USE completion in order to expand HE access. Since “the pipeline” effect will at some point exhaust its role driving HE expansion, our findings also underscore the need for policies that raise the enrollment of USE graduates.


Author(s):  
Andrés Felipe Castro Torres

Abstract Theories of demographic change have not paid enough attention to how factors associated with fertility decline play different roles across social classes that are defined multidimensionally. I use a multidimensional definition of social class along with information on the reproductive histories of women born between 1920 and 1965 in six Latin American countries to show the following: the enduring connection between social stratification and fertility differentials, the concomitance of diverse fertility decline trajectories by class, and the role of within- and between-class social distances in promoting/preventing ideational change towards the acceptance of lower fertility. These results enable me to revisit the scope of theories of fertility change and to provide an explanatory narrative centred on empirically constructed social classes (probable social classes) and the macro- and micro-level conditions that influenced their life courses. I use 21 census samples collected between 1970 and 2005 in Bolivia, Brazil, Chile, Colombia, Mexico, and Paraguay.


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