Global Economics
What was dubbed “the Washington Consensus” – namely that capital liberalization, trade liberalization, privatization, and monetary and fiscal austerity are the only paths to economic development -- is no longer unchallenged. But unfortunately neoliberalism still dominates policy at the IMF, WTO, World Bank, US Department of the Treasury, and AID. What are the flaws in the economic reasoning used to justify these policies? What does an alternative economic development strategy look like? If not corporate sponsored globalization from above, what does globalization from below look like?
What was dubbed “the Washington Consensus” – namely that capital liberalization, trade liberalization, privatization, and monetary and fiscal austerity are the only paths to economic development -- is no longer unchallenged. But unfortunately neoliberalism still dominates policy at the IMF, WTO, World Bank, US Department of the Treasury, and AID. What are the flaws in the economic reasoning used to justify these policies? What does an alternative economic development strategy look like? If not corporate sponsored globalization from above, what does globalization from below look like?