Development Policy in the Twenty-First Century: Beyond the Post-Washington Consensus

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ISBN: 9780415228220 | 0415228220
Cover: Hardcover
Copyright: 4/13/2001

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The post-Washington Consensus has succeeded in becoming the new theoretical underpinning for the World Bank's Structural Adjustment policies in developing countries. This broad-ranging critique explains that without a much broader political economy the post-Washington Consensus is unlikely to provide a coherent framework for successful development policies.

List of illustrations

viii

Notes on Contributors

Preface

Neither the Washington nor the post-Washington consensus: An introduction

(27)

Ben Fine

Intellectual foundations

(2)

The broader analytical context

(4)

The broader policy context

(5)

Whither the post-Washington consensus?

(1)

Postscript

(12)

Financial system design and the post-Washington consensus

(24)

Sedat Aybar

Costas Lapavitsas

Introduction

(2)

Analysis of bank-based and market-based financial systems

(5)

Political economy of financial system design: a result of and stimulus to capitalist accumulation

(4)

Evolution of the Japanese financial system

(3)

Evolution of the Turkish financial system

(4)

Conclusion

(6)

Privatistion and the post-Washington consensus: Between the lab and the real world?

(28)

Kate Bayliss

Christopher Cramer

Introduction

(1)

Evolution of the World Bank position and the Washington consensus on privatisation

(1)

What is the post-Washington consensus view of privatisation?

(3)

What is wrong with Privatisation?

(15)

Conclusion

(8)

From Washington to post-Washington: Does it matter for industrial policy?

(19)

Sonali Deraniyagala

Introduction

(1)

The Washington consensus on industrialisation

(8)

The post-Washington consensus on industrial policy

(7)

Conclusion

(4)

Consensus in Washington, upheaval in East Asia

(13)

Dic Lo

East Asia in the development policy debate

(1)

The consensus in Washington and the notional market economy

100

(6)

The upheaval in East Asia as history-specific process

106

(4)

Conclusions

110

(2)

The new political economy of corruption

112

(24)

Mushtaq H. Khan

Definitions, types and the evidence of corruption

113

(4)

New approaches to corruption

117

(2)

Class and group structure and the implications for corruption

119

(13)

Conclusion

132

(4)

The social capital of the World Bank

136

(19)

Ben Fine

Introduction

136

(2)

Growth and poverty

138

(5)

Surfers beware the undercurrents

143

(4)

Concluding remarks

147

(8)

Education and the post-Washington consensus

155

(27)

Ben Fine

Pauline Rose

Introduction

155

(1)

Education as a black box

156

(6)

Bringing education back in and the post-Washington consensus

162

(7)

Bringing gender back in

169

(3)

Education as a system of provision

172

(4)

Conclusion

176

(6)

The post-Washington consensus and lending operations in agriculture: New rhetoric and old operational realities

182

(37)

Jonathan Pincus

Introduction

182

(2)

Operational Imperatives

184

(6)

The World Bank's approach to agricultural development

190

(10)

The Case of Indonesia

200

(11)

Conclusions

211

(8)

Index

219

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Development Policy in the Twenty-First Century: Beyond the Post-Washington Consensus

Summary

Table of Contents

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Development Policy in the Twenty-First Century: Beyond the Post-Washington Consensus

Summary

Table of Contents

Supplemental Materials

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