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After the Washington Concensus

John Williamson
Price: $ 30

This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists* who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution.

The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises.

* Pedro Pablo Kuczynski (Minister of Finance, Peru); Nancy Birdsall (President, Center for Global Development); Miguel Szekely (Mexico); Ricardo Lopez Murphy (Argentina); Jaime Saavedra (Peru); Claudio de Moura Castro (Brazil); Liliana Rojas-Suarez (Peru); Andres Velasco (Harvard University); and Roberto Bouzas (Argentina).

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