The Washington consensus follows the dictates of ________.

Question

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The Washington consensus is a set of ten economic policies that emphasize free-market principles, privatization, deregulation, and open trade. It is named after Washington D.C., where policymakers from the International Monetary Fund (IMF), World Bank, and US Treasury Department gathered in 1989 to discuss economic reforms for developing countries. The consensus promotes laissez-faire capitalism and argues that a more open and globalized economy will lead to economic growth and development.

The Washington Consensus Follows the Dictates of ________