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International Law

: Transnational Law Blog

Rethinking the Washington Consensus on Trade Liberalization

By John Dermody, Travis Hodgkins, and Nema Milaninia

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"?Stabilize, privatize, and liberalize? became the mantra of a generation of technocrats who cut their teeth in the developing world and of the political leaders they counseled"- Dani Rodrik, Professor of International Political Economy, Harvard University Across legal economic disciplines, there have been many arguments regarding the benefits of free trade on developing countries. At the heart of such discussion is the controversial result of the Washington Consensus ?describe[ed] a set of ten specific economic policy prescriptions that ? constitute a "standard" reform package promoted for crisis-wracked developing countries by Washington D.C based institutions such as the International Monetary Fund...

Full post as published by Transnational Law Blog on March 17, 2009 (boomark / email).

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