The Washington Consensus Reconsidered: Towards a New Global Governance

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Narcís Serra (, President of the CIDOB Foundation (Center for International Relations and Development Studies in Barcelona)) Joseph E. Stiglitz (, Co-President, Initiative for Policy Dialogue (IPD), Columbia University)

The Washington Consensus Reconsidered

Towards a New Global Governance

Narcís Serra (, President of the CIDOB Foundation (Center for International Relations and Development Studies in Barcelona)), Joseph E. Stiglitz (, Co-President, Initiative for Policy Dialogue (IPD), Columbia University)

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English

Oxford University Press
01 March 2008

Development studies; Globalization; International institutions; International trade; Development economics

Series: Initiative for Policy Dialogue

This volume brings together many of the leading international figures in development studies, such as Jose Antonio Ocampo, Paul Krugman, Dani Rodrik, Joseph Stiglitz, Daniel Cohen, Olivier Blanchard, Deepak Nayyar and John Williamson to reconsider and propose alternative development policies to the Washington Consensus. Covering a wide range of issues from macro-stabilization to trade and the future of global governance, this important volume makes a real contribution to this important and ongoing debate.

The volume begins by introducing the Washington Consensus, discussing how it was originally formulated, what it left out, and how it was later interpreted, and sets the stage for a formulation of a new development framework in the post-Washington Consensus era. It then goes on to analyze and offer differing perspectives and potential solutions to a number of key development issues, some which were addressed by the Washington Consensus and others which were not. The volume concludes by looking toward formulating new policy frameworks and offers possible reforms to the current system of global governance.

Edited by: Narcís Serra ( President of the CIDOB Foundation (Center for International Relations and Development Studies in Barcelona)), Joseph E. Stiglitz (, Co-President, Initiative for Policy Dialogue (IPD), Columbia University)
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 240mm, Width: 170mm, Spine: 30mm
Weight: 1g
ISBN: 9780199534081
ISBN 10: 019953408X
Series: Initiative for Policy Dialogue
Pages: 400
Publication Date: 01 March 2008
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Part I: The Washington Consensus: From Its Origins to Its Critics 1: Introduction 2: John Williamson: A Short History of the Washington Consensus 3: Paul Krugman: The Washington Consensus and Inequality and Redistribution 4: Joseph E. Stiglitz: Is there a Post-Washington Consensus? 5: The Barcelona Development Agenda Part II Analyses of Central Issues in Development 6: José Antonio Ocampo: A Broad View of Macroeconomic Stability 7: Alice Amsden: The Wild Ones: Industrial Policies in the Developing World 8: Guillermo Calvo and Ernesto Talvi: Sudden Stop, Financial Factors, and Economic Collapse: A View from the Latin American Frontlines 9: Daniel Cohen: Towards a New Modus Operandi of the International Financial System 10: Jeffrey Frankel: The World Trading System and Implications of External Opening 11: Martin Khor: The World Trading The World Trading System and Development Concerns 12: Olivier Blanchard: Reforming Labor Market Institutions: Unemployment Insurance and Employment Protection 13: Deepak Nayyar: Migrations and Development Part III Towards a New Global Governance 14: Joseph E. Stiglitz: The Future of Global Governance 15: Dani Rodrick, Andrés Velasco, and Ricardo Hausmann: Growth Diagnostics 16: Dani Rodrik: A Practical Approach to Formulating Growth Strategies

Narcís Serra is the President of the CIDOB Foundation. During this time, he has been the driving force behind the creation of the Barcelona Institute for International Studies (IBEI), which was founded with the desire to make Barcelona a centre of reference in the study of this discipline. Currently, he is the President of Caixa Catalunya and Chairman of the Board of the National Museum of Art of Catalonia (MNAC). He has previously served as Mayor of Barcelona, was Spanish Minister of Defence in the Government of Felipe González, and in 1991, he was named Vice President of the Spanish Government. From 1986 until 2004, Narcís Serra was a Deputy for Barcelona in the Spanish Congress. Joseph E. Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President of the World Bank from 1997-2000.His best known recent publications include 'Making Globalization Work' (2006), 'Fair Trade for All' (2005), 'Globalization and its Discontents' (2002) and 'The Roaring Nineties' (2003).