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
'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