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The Second Commandment: Redirection of Public Spending

In: THE WASHINGTON CONSENSUS A Critical Evaluation of the Principles and Implications for Economic Development

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  • Imad A. Moosa

Abstract

The following sections are included:The Second Commandment as Described by WilliamsonThe Structure of US Public ExpenditureA Closer Examination of US Military ExpenditureConcluding Remarks

Suggested Citation

  • Imad A. Moosa, 2021. "The Second Commandment: Redirection of Public Spending," World Scientific Book Chapters, in: THE WASHINGTON CONSENSUS A Critical Evaluation of the Principles and Implications for Economic Development, chapter 5, pages 111-125, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811236785_0005
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    More about this item

    Keywords

    Washington Consensus; Globalization; Free Market Doctrine; Economic Freedom; Fiscal Discipline; Fiscal Reform; Tax ; Reform; Interest Rate Policy; Exchange Rate Policy; Free Trade; Foreign Direct Investment; Privatization; Deregulation; Property Rights;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F3 - International Economics - - International Finance
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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