After twenty seven years of John Williamson's creation, most of Latin American economies look today somewhat shaped by Washington Consensus. This article describes the context that framed the implementation of such a stabilization and reform program in various countries in the region. Conclusions are derived as to what has worked, what has not and what the challenges for the future are.
Keywords:
Washington Consensus, Latin America, stabilization, structural reforms, market liberalization, privatization of public firms, inflation, growth, crisis, financial vulnerability
Morandé Lavín, F. (2016). Nearly three decades of Washington Consensus, what is his legacy in Latin America?. Estudios Internacionales, 48(185), pp. 31–58. https://doi.org/10.5354/0719-3769.2016.44553
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