By the 1980s, donor countries and organizations had reached an understanding on a development strategy that was based on the values of open economies and free trade. What was this strategy known as?
A)The Bretton Woods Agreement
B)The North American Free Trade Agreement
C)The International Monetary Fund Treaty
D)The Washington consensus

Question

Quizplus · Accepted Answer

The Washington Consensus refers to a set of economic policy prescriptions advocating for open economies and free trade, which gained prominence in the 1980s among major donor countries and international organizations.

By the 1980s, Donor Countries and Organizations Had Reached an Understanding