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The rising inequality and slow growth suffered by Latin American countries that implemented Washington Consensus policies is the subject of intense debate.
Underlying the spirit of the Washington Consensus was the belief that the expansion of market forces would help developing countries attain macroeconomic stability, economic growth, and indirectly, social development.
Opponents of this strategy claim that this approach failed because it did not address questions critical to the formulation of sound development policy. These include queries into the appropriate balance between government and market forces, the trade-offs between equity and efficiency, as well as the role of social policy and institutional building in achieving growth and stability.  |
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| Argentina Country Dialogue 2005 |
| Event: Aug 23, 2005 - Aug 23, 2005 |
| The Initiative for Policy Dialogue, in partnership with the Universidad de Buenos Aires, is organizing a forum entitled, The Buenos Aires Consensus; A New Agenda for Latin America fifteen years after the Washington Consensus. Through a series of meetings and a public dialogue, an IPD team headed by Joseph Stiglitz and Jose Antonio Ocampo will leverage lessons learned from Argentina's recent experiences to explore alternative approaches to industrial policy, debt management, macroeconomic policy, and trade. |
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