The "Washington Consensus" outlined what developing countries needed to do in order to succeed in terms of growth and development. This included:
A) balance government budgets and keep inflation as low as possible
B) privatize all state enterprises, assets, and public services
C) deregulate all aspects of the economy such as contracting, labour, finance, and banking
D) liberalize international trade
E) All of the above

Question

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The "Washington Consensus" is a set of economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions such as the International Monetary Fund (IMF), World Bank, and the US Treasury Department. It includes policies aimed at achieving macroeconomic stability, opening up economies to global markets, and expanding the role of market forces within the domestic economy, encompassing all the measures listed: balancing budgets, privatization, deregulation, and trade liberalization.

The "Washington Consensus" Outlined What Developing Countries Needed to Do