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Politics of International Economic Relations
C/P/283. Analysis of the controversy surrounding financial liberalisation and the Washington Consensus
- WORDS:
- 2950
- DATE:
- 2010
- PRICE:
- 29.99 GBP
This paper aims to explore the reasons why the policy of financial liberalisation of emerging economies and the Washington Consensus have been so controversial. The paper examines the research and writings based on the consensus, to assess why it is surrounded by controversy. Issues surrounding the implementation of suggestions for developing economies failing and increased unemployment rates are given as possible reasons behind the controversy.
KEYWORDS: Controversy, financial liberalisation, Washington consensus, unemployment, developing economies,
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