Washington Consensus

A set of economic policy prescriptions (a ten-policy agenda codified in 1989) for developing countries, associated with institutions based in Washington, D.C., that came to stand for a specific neoliberal approach to economic reform.

Claims that use this term

• The Washington Consensus misrepresented actual practice of OECD states.
• The Washington Consensus codified a ten-policy neoliberal agenda in 1989.
• The Washington Consensus caricatures neoliberalism as a fixed policy recipe
• The Washington Consensus package is often conflated with neoliberalism by outsiders