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No Consensus On the Washington Consensus pt. 1

No Consensus On the Washington Consensus pt. 1

Greater fiscal control, including the accumulation of foreign reserves, and exchange rate flexibility have given some countries the ability to cushion the negative impact of the worst economic crisis since 1930.

No Consensus On the Washington Consensus pt. 2

No Consensus On the Washington Consensus pt. 2

Today, just as faith in deregulated markets has evaporated in the nightmare on Wall Street, so too is the long reign of market fundamentalism ending in the development arena.