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The Washington Consensus Reconsidered
Towards a New Global Governance
Narcís Serra and Joseph E. Stiglitz
400 pages
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numerous figures and tables
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234x156mm
978-0-19-953409-8
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Paperback
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24 April 2008
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- Offers a unique mix of perspectives on this important debate on development, globalization, and global governance
- Provides a useful analysis of the Washington Consensus policy framework, asking what it achieved and where we go from here
- Written by top names in field of development and globalization
This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar 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.Readership: Academics and students interested in economics, development and globalization. Policymakers, NGOs and organizations working in the field of International Development.
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Narcís Serra, President of the CIDOB Foundation (Center for International Relations and Development Studies in Barcelona), and Joseph E. Stiglitz, Co- President, Initiative for Policy Dialogue (IPD), Columbia University Contributors: Alice Amsden, MIT Olivier Blanchard, MIT Guillermo Calvo, Columbia University Daniel Cohen, Université de Paris-I (Panthéon-Sorbonne) and Ecole Normale Superieure, Paris Jeffrey Frankel, Harvard University Ricardo Hausmann, Harvard University Martin Khor, Third World Network Paul Krugman, Princeton University Deepak Nayyar, Jawaharlal Nehru University José Antonio Ocampo, Co- President, Initiative for Policy Dialogue (IPD), Columbia University Dani Rodrik, Harvard University Joseph E. Stiglitz, Co- President, Initiative for Policy Dialogue (IPD), Columbia University Ernesto Talvi, Center for the Study of Economic and Social Affairs Andrés Velasco, Harvard University John Williamson, Peter G. Peterson Institute of International Economics
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"Excellent" - Richard Blackhurst, World Trade Review, Volume 8/2
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Part I: The Washington Consensus: From Its Origins to Its Critics
1: Introduction
2: John Williamson: A Short History of the Washington Consensus
3: Paul Krugman: The Washington Consensus and Inequality and Redistribution
4: Joseph E. Stiglitz: Is there a Post-Washington Consensus?
5: The Barcelona Development Agenda
Part II Analyses of Central Issues in Development
6: José Antonio Ocampo: A Broad View of Macroeconomic Stability
7: Alice Amsden: The Wild Ones: Industrial Policies in the Developing World
8: Guillermo Calvo and Ernesto Talvi: Sudden Stop, Financial Factors, and Economic Collapse: A View from the Latin American Frontlines
9: Daniel Cohen: Towards a New Modus Operandi of the International Financial System
10: Jeffrey Frankel: The World Trading System and Implications of External Opening
11: Martin Khor: The World Trading The World Trading System and Development Concerns
12: Olivier Blanchard: Reforming Labor Market Institutions: Unemployment Insurance and Employment Protection
13: Deepak Nayyar: Migrations and Development
Part III Towards a New Global Governance
14: Joseph E. Stiglitz: The Future of Global Governance
15: Dani Rodrik, Andrés Velasco, and Ricardo Hausmann: Growth Diagnostics
16: Dani Rodrik: A Practical Approach to Formulating Growth Strategies
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The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.
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