The ability of poor states to become developmental states today is constrained by ______ and ______.

Question

Quizplus · Accepted Answer

The Washington Consensus and reliance on the IMF and World Bank are the two main constraints on poor states' ability to become developmental states today. The Washington Consensus is a set of economic policies that were promoted by the IMF and World Bank in the 1980s and 1990s. These policies included free trade, deregulation, and privatization. While these policies may have helped to promote economic growth in some countries, they have also led to increased inequality and poverty in many others. Reliance on the IMF and World Bank can also be a constraint on development, as these institutions often impose strict conditions on the loans they provide. These conditions can make it difficult for poor countries to pursue policies that are in their best interests.

The Ability of Poor States to Become Developmental States Today