Latin America: From the “Washington” to the “Cornwall Consensus” (original) (raw)

The research examines the proposals of the “Cornwall Consensus” in the context of their possible application in Latin America. The authors argue that these proposals could contribute to the development of a new economic development strategy for the post-liberal period. It is likely that the “Cornwall Consensus” proposals become dominant in shaping the global agenda on the new economic paradigm. Although it is important to mention that nowadays there also also “Beijing” and “Delhi” consensuses those are linked to the Chinese and Indian models of economic liberalization and constitute an alternative to the “Washington Consensus”. The article analyzes the effectiveness of the “Washington Consensus” adjustment mechanism, carries out a comparative analysis of the Latin American economies that pursued both liberal and statist development models. Then the article examines the main recommendations and ideas of the “Cornwall Consensus”, the prospects of adapting the Latin American region to ...