Economics · Economic Policy Frameworks
The term 'Washington Consensus' primarily refers to which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A set of market-oriented economic policy recommendations for crisis-hit developing countries✓
- 2A set of global environmental policies aimed at promoting North-South cooperation
- 3Cartel policies implemented to reduce the global economy's dependence on developed nations
- 4A diplomatic framework aimed at resettling war-affected migrants from the Middle East
Correct answer
A set of market-oriented economic policy recommendations for crisis-hit developing countries
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