What is the Washington Consensus?
A)A set of policies advocated by developed countries that are intended to help less developed countries grow their economies
B)A policy by the United States that allows for infant industry protection by emerging economies
C)An international movement to encourage democratization in less developed countries,
As democracy is a fundamental stepping stone to development
D)An international agreement by developed countries not to import goods from countries that have poor working conditions

Question

Quizplus · Accepted Answer

The Washington Consensus refers to a set of economic policies advocated by developed countries, particularly the United States, that were intended to help less developed countries grow their economies. This set of policies includes things like free trade, deregulation, privatization, and reducing government spending.

What Is the Washington Consensus