The stultifying Brussels consensus; Charlemagne.(The case for more European debate)(John Williamson)

The Economist (US) | October 7, 2006 | Copyright

What the fate of the Washington consensus reveals about the Brussels one

IN 1990 John Williamson, of the Washington-based Institute for International Economics, wrote an article pinning down like a butterfly the features of the "Washington consensus". Mr Williamson meant by this a framework for policy in emerging countries that was accepted by almost all mainstream practitioners in the field, from the IMF and World Bank in Washington to governments and central banks in emerging markets. For the anti-globalisation crew, however, the phrase morphed into something ...

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