Is the Washington Consensus actually a consensus?
The Washington agreement thinking dominates development thinking in the developed world but is challenged through less developed countries as like Zimbabwe and anti globalisation protesters are argue as:
• An economic system is an implication to an end; not an end into itself. The short run costs of economic improvement are not worth and the minimal extensive run impact onto poverty. Markets merely make the rich richer and do not carry sustainable development.
• Free trade is unfair trade and simply advantages rich nations like domestic industries are simply more immature to compete efficiently.