IDEAS home Printed from https://ideas.repec.org/p/ags/cudawp/48920.html
   My bibliography  Save this paper

The Co-Evolution of the Washington Consensus and The Economic Development Discourse

Author

Listed:
  • Kanbur, Ravi

Abstract

In this paper I give an account of development debates of the past two decades, focusing on the Washington Consensus and on the broader economic development discourse in historical context. Section 2 gives a basic account of the Washington consensus and how its meaning changed from the original formulation. Section 3 presents the evolution of the economic development discourse since the second-world-war, through the 1980s, up to the present. Section 4 asks if there is now a new consensus on economic development, in light of the recent report of the Commission on Growth and Development. Section 5 concludes.

Suggested Citation

  • Kanbur, Ravi, 2009. "The Co-Evolution of the Washington Consensus and The Economic Development Discourse," Working Papers 48920, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:48920
    DOI: 10.22004/ag.econ.48920
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/48920/files/WP%202009-05%20The%20Co-Evolution.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.48920?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ann Harrison, 2007. "Globalization and Poverty," NBER Books, National Bureau of Economic Research, Inc, number harr06-1, June.
    2. Eswar S. Prasad & Raghuram G. Rajan, 2008. "A Pragmatic Approach to Capital Account Liberalization," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 149-172, Summer.
    3. Rodrik, Dani, 2007. "How to Save Globalization from its Cheerleaders," CEPR Discussion Papers 6494, C.E.P.R. Discussion Papers.
    4. Harrison, Ann (ed.), 2007. "Globalization and Poverty," National Bureau of Economic Research Books, University of Chicago Press, number 9780226318004, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kanbur, Ravi, 2021. "Past, Present and Future of International Organizations, See Through the Lens of Bretton Woods and the World Bank," Working Papers 313755, Cornell University, Department of Applied Economics and Management.
    2. Ravi Kanbur, 2016. "The End of Laissez-Faire, the End of History, and the Structure of Scientific Revolutions," Challenge, Taylor & Francis Journals, vol. 59(1), pages 35-46, January.
    3. Arman Canatay & Leonel Prieto & Muhammad Ruhul Amin, 2023. "Integrating “Neoliberal-Turn” and “Social-Turn” Constructs in Examining Sustainable Development and Happiness and Life Satisfaction: A Global-, Country Cluster-, and Country-Level Study," Sustainability, MDPI, vol. 15(13), pages 1-56, June.
    4. Kanbur, Ravi, 2016. "Economics And Economic Policy," Working Papers 250029, Cornell University, Department of Applied Economics and Management.
    5. Devarajan, Shantayanan & Kanbur, Ravi, 2013. "The Evolution of Development Strategy as Balancing Market and Government Failure," Working Papers 180091, Cornell University, Department of Applied Economics and Management.
    6. Currie-Alder, Bruce & Kanbur, Ravi & Malone, David M. & Medhora, Rohinton, 2013. "The State of Development Thought," Working Papers 180073, Cornell University, Department of Applied Economics and Management.
    7. Wiggins, S., 2016. "IFAD RESEARCH SERIES 1 - Agricultural and rural development reconsidered: a guide to issues and debates," IFAD Research Series 280035, International Fund for Agricultural Development (IFAD).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ural Marchand, Beyza, 2012. "Tariff pass-through and the distributional effects of trade liberalization," Journal of Development Economics, Elsevier, vol. 99(2), pages 265-281.
    2. Bussolo Maurizio & de Hoyos Rafael E. & Medvedev Denis & van der Mensbrugghe Dominique, 2012. "Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class," Journal of Globalization and Development, De Gruyter, vol. 2(2), pages 1-29, January.
    3. Juergen Bitzer & Erkan Goeren, 2018. "Foreign Aid and Subnational Development: A Grid Cell Analysis," Working Papers V-407-18, University of Oldenburg, Department of Economics, revised Mar 2018.
    4. Robert C. Feenstra, 2007. "Globalization and Its Impact on Labour," wiiw Working Papers 44, The Vienna Institute for International Economic Studies, wiiw.
    5. Kazuhiro Kumo & Alexandra Koval & Irina Korgun & Olga Trofimenko, 2018. "Foreign Trade and Regional Inequality:The Case of the Russian Federation," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 884-895.
    6. Ann Harrison & John McLaren & Margaret S. McMillan, 2010. "Recent Findings on Trade and Inequality," NBER Working Papers 16425, National Bureau of Economic Research, Inc.
    7. Pinelopi Koujianou Goldberg & Tristan Reed, 2023. "Presidential Address: Demand‐Side Constraints in Development. The Role of Market Size, Trade, and (In)Equality," Econometrica, Econometric Society, vol. 91(6), pages 1915-1950, November.
    8. Kose, M. Ayhan & Prasad, Eswar & Rogoff, Kenneth & Wei, Shang-Jin, 2010. "Financial Globalization and Economic Policies," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4283-4359, Elsevier.
    9. Lestari Agusalim, 2017. "The Dynamic Impact of Trade Openness on Poverty: An Empirical Study of Indonesia's Economy," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 566-574.
    10. Ravi Kanbur, 2008. "Globalization, Growth, and Distribution," World Bank Publications - Books, The World Bank Group, number 28017.
    11. Senses, Mine Zeynep, 2010. "The effects of offshoring on the elasticity of labor demand," Journal of International Economics, Elsevier, vol. 81(1), pages 89-98, May.
    12. Shuai Chen & Faqin Lin & Xi Yao & Peng Zhang, 2020. "WTO accession, trade expansion, and air pollution: Evidence from China’s county‐level panel data," Review of International Economics, Wiley Blackwell, vol. 28(4), pages 1020-1045, September.
    13. Philip Ifeakachukwu Nwosa & Temitope Adebisi Adeoye, 2021. "Globalization And Poverty: Evidence For Lower-Middle Income Country," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 19(1), pages 63-72, May.
    14. Drusilla K Brown & Alan V Deardorff & Robert M Stern, 2013. "Labor Standards and Human Rights: Implications for International Trade and Investment," World Scientific Book Chapters, in: Zdenek Drabek & Petros Mavroidis (ed.), Regulation of Foreign Investment Challenges to International Harmonization, chapter 5, pages 153-195, World Scientific Publishing Co. Pte. Ltd..
    15. Temilola Osinubi, Tolulope, 2020. "The Role Of Income Inequality In The Globalisation-Poverty Nexus: Empirical Evidence From Mint Countries," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 7(2), pages 67-89, June.
    16. Vincent Leyaro & Oliver Morrissey, 2010. "Protection and the Determinants of Household Income in Tanzania 1991 – 2007," Discussion Papers 10/03, University of Nottingham, CREDIT.
    17. Krisztina Kis-Katos & Robert Sparrow, 2011. "Child Labor and Trade Liberalization in Indonesia," Journal of Human Resources, University of Wisconsin Press, vol. 46(4), pages 722-749.
    18. Brian, McCaig, 2011. "Exporting out of poverty: Provincial poverty in Vietnam and U.S. market access," Journal of International Economics, Elsevier, vol. 85(1), pages 102-113, September.
    19. Ahmad, Shakil & Khan, Imran, 2022. "The impact of globalization, foreign direct investment and trade openness on poverty: a case study of Pakistan," Economic Consultant, Roman I. Ostapenko, vol. 37(1), pages 41-60.
    20. Jacek Liwiński, 2019. "The wage premium from foreign language skills," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(4), pages 691-711, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:cudawp:48920. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dacorus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.