1st Edition

Development Policy in the Twenty-First Century Beyond the Post-Washington Consensus

Edited By Ben Fine, Costas Lapavitsas, Jonathan Pincus Copyright 2001

    The Post-Washington Consensus has succeeded in becoming the new theoretical underpinning for the World Bank's Structural Adjustment policies in developing countries. This broad-ranging critique explains that without a much broader political economy the Post-Washington Consensus is unlikely to provide a coherent framework for successful development policies.
    Development Policy in the 21st Century is unique in its depth and assesses the postures of the new consensus topic by topic, whilst posing strong alternatives. It will improve and stimulate the reader's understanding of this important area, and is highly recommended to advanced students and professionals

    1. Neither the Washington nor the Post-Washington Consensus: an introduction Ben Fine 2. Financial systems design and the Post-Washington Consensus Costas Lapavitsas and Sedat Aybar 3. Privatization and the Post-Washington Consensus: between the lab and the real world? Kate Bayliss and Christopher Cramer 4. From Washington to post Washington: does it matter for industrial policy? Sonali Deraniyagala 5. Consensus in Washington, upheaval in East Asia Dic Lo 6. The new political economy of corruption Mushtaq H. Khan 7. The social capital of the World Bank Ben Fine 8. Education and the Post-Washington Consensus Ben Fine and Pauline Rose 9. The Post-Washington consensus and lending operations in agriculture: new rhetoric and old operational realities Jonathan Pincus


    Ben Fine, Costas Lapavitsas, Jonathan Pincus

    'For those interesed in critiquing the work of the major financial institutions this book will prove a very useful resource, offering some quite subtle and nuanced understandings of the workings of the IFIs and the gaps and shortfalls between rhetoric and practice.' - Progress in Development Studies