A Critique of et al. Juan Carlos Moreno- Brids the Washington Consensus: A Latin American Perspective Fifteen Years Later

Negash MD

Abstract

In this article the author has emphasized on both success and failure of macroeconomic reform of Latin America on the bases of Washington consensus and the causes, courses and consequences of the failure of the reform. The article shows the alternative policies in addition to the Washington consensus have been proposed and the personal opinion of the authors what the policy makers are going to be done in macroeconomic stabilization too.