What is the Washington Consensus? How does it contrast with the Beijing Consensus?
What will be an ideal response?
The Washington Consensus grew out of an agreement among G-7 countries at the Williamsburg Summit in 1983 to pursue similar policies of sound money, disciplined spending, low inflation, and deregulation. It advocated low inflation and market reforms in both developing and developed countries. The Beijing Consensus, on the other hand, emerged out of opposition to the Washington Consensus. It focuses on more statist or government-mandated economic policy ideas.
You might also like to view...
Dr. Bell is interested in creating a survey on road rage. Since not everyone drives a car, he should ask a(n) _________ question at the beginning of the survey to see which participants drive cars and then have only those who do drive answer
questions 2-10 on road rage while driving. a. contingency b. open ended c. double barreled d. response bias
The Federal Election Campaign Act of 1971 was amended in 1974 to
A) create the Federal Election Commission. B) provide public financing for congressional races. C) limit campaign expenditures in presidential elections to a maximum of $2 million. D) create the Federal Communications Commission. E) expand presidential campaign spending to an unlimited amount.