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After the Washington Consensus: Restarting Growth and Reform in Latin America Paperback – March 1, 2003

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Editorial Reviews

Review

"An extremely valuable study . . . very rewarding" -- Choice Magazine, September 2003

About the Author

John Williamson, Senior Fellow since 1981, was economics professor at Pontifica Universidade Catolica do Rio de Janeiro (1978-81), University of Warwick (1970-77), Massachusetts Institute of Technology (1967, 1980), University of York (1963-68), and Princeton University (1962-63). He also served as adviser to the International Monetary Fund (1972-74); and Economic Consultant to the UK Treasury (1968-70), and Chief Economist for the South Asia Region of the World Bank (1996-99). He has published numerous studies on international monetary and developing world debt issues, including Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option (2000), The Crawling Band as an Exchange Rate Regime (1996), What Role for Currency Boards? (1995), Estimating Equilibrium Exchange Rates (1994), The Political Economy of Policy Reform (1993), Latin American Adjustment: How Much Has Happened? (1990), and Targets and Indicators: A Blueprint for the International Coordination of Economic Policy with Marcus Miller (1987).

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Product Details

  • Paperback: 325 pages
  • Publisher: Peterson Institute (March 1, 2003)
  • Language: English
  • ISBN-10: 0881323470
  • ISBN-13: 978-0881323474
  • Product Dimensions: 9.1 x 6 x 0.8 inches
  • Shipping Weight: 15.2 ounces (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #2,754,145 in Books (See Top 100 in Books)

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7 of 7 people found the following review helpful By Marlin on June 13, 2003
Format: Paperback
The book is composed of 11 essays concerning what went wrong, what went right, and what is to be learned from the last decades of economic policy in Latin America. I myself am a new-comer to international economics and I found the essays to be rich sources of information and insight.
This book marks a partial shift in the debate on economic development from an emphasis on growth as an engine for the reduction of poverty, to an emphasis on stability and a more equitable distribution of wealth as an engine for growth. This introduces somewhat heterodoxical arguments for minimizing dollarization and in favor of capital controls. Clearly, the co-editor that had coined the term "The Washington Consensus" has seen the need to amend the 90's program.
For the layman this book may be a bit dense. For the student of international economics, a must read.
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After the Washington Consensus: Restarting Growth and Reform in Latin America
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