The End of the Washington Consensus

NPQ asked Laura Tyson and the others in this section to respond to the following questions: Has the "Washington consensus" on free trade and free capital flows that reigned from the end of the Cold War to the onset of the Asian crisis run its course? If so, is the world economy now facing global deglobalization or a new period characterized more by market pluralism than conformity to what Mexico's former president, Carlos Salinas, calls "North Atlantic neoliberalism"?

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