Which of the following statements about the Washington Consensus is accurate?
A) In the 1980s it began to encourage countries to increase state power.
B) In the 1980s it began to encourage countries to limit regulation.
C) In the 1980s it began to encourage countries to restrict private industry.
D) In the 1980s it began to encourage state governments to relax the rule of law.

Question

Quizplus · Accepted Answer

The Washington Consensus, which emerged in the 1980s, was a set of economic policy prescriptions that encouraged countries to adopt neoliberal policies, including limiting regulation and promoting free market principles. It did not encourage countries to increase state power, restrict private industry, or relax the rule of law.

Which of the Following Statements About the Washington Consensus Is