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The Post-Washington Consensus: Development after the Crisis - Working Paper 244

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  • Nancy Birdsall and Francis Fukuyama

Abstract

A clear shift in the development agenda is underway. Traditionally, an agenda generated in the developed world was implemented in - and, indeed, often imposed on - the developing world. The United States, Europe, and Japan will continue to be significant sources of economic resources and ideas, but the emerging markets will become significant players. Countries such as Brazil, China, India, and South Africa will be both donors and recipients of resources for development and of best practices for how to use them. In fact, development has never been something that the rich bestowed on the poor but rather something the poor achieved for themselves. It appears that the Western powers are finally waking up to this truth in light of a financial crisis that, for them, is by no means over.

Suggested Citation

  • Nancy Birdsall and Francis Fukuyama, 2011. "The Post-Washington Consensus: Development after the Crisis - Working Paper 244," Working Papers 244, Center for Global Development.
  • Handle: RePEc:cgd:wpaper:244
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    File URL: http://www.cgdev.org/content/publications/detail/1424882/
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    Cited by:

    1. Niels Keijzer & David Black, 2020. "Special issue introduction Ownership in a post‐aid effectiveness era: Comparative perspectives," Development Policy Review, Overseas Development Institute, vol. 38(S1), pages 1-12, May.
    2. Wihtol, Robert, 2014. "Whither Multilateral Development Finance?," ADBI Working Papers 491, Asian Development Bank Institute.
    3. Teun Wolters, 2022. "Why is ecological sustainability so difficult to achieve? An in‐context discussion of conceptual barriers," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 2025-2039, December.

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