The Washington Consensus is a free-market solution to underdevelopment.

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The Washington Consensus is a set of ten economic policies aimed at promoting free-market solutions, reducing government intervention in economies, and increasing trade and investment across borders in developing countries. Its proponents, including the International Monetary Fund (IMF) and the World Bank, argue that these policies, if implemented effectively, can lead to economic growth and development. However, critics have argued that the Washington Consensus has led to social and economic inequalities, increased debt, and other negative consequences in many developing countries.

The Washington Consensus Is a Free-Market Solution to Underdevelopment