Economics · International Economics
The 'Washington Consensus', a term coined by John Williamson in 1989, refers to a set of economic policy prescriptions including:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Military spending, state investment, protectionism
- 2Import substitution, nationalisation, exchange controls
- 3Fiscal discipline, privatisation, trade liberalisation✓
- 4Keynesian stimulus, state ownership, capital controls
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Fiscal discipline, privatisation, trade liberalisation
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