Washington Consensus Definition

Washington Consensus Definition. To most people, the washington consensus represents a set of policies predicated upon a strong faith—stronger than warranted either by economic theory or historical. The phrase ' washington consensus ' has become a familiar term in development policy circles in recent years, but it is now used in several different senses, causing a.

The institute for international economics made a contribution to codifying and propagating several aspects of the washington consensus in its publication toward renewed. Some of these reforms became part of what is now known as the washington consensus.