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Wysłany: Nie 5:52, 24 Paź 2010 Temat postu: ghd hair straightener price Dani Rodrik's weblog |
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I would of distance ask John to look at China or Vietnam before he deem,s that market-oriented incentives preclude the heterodox changements he mentions in this paragraph.
But in essence his creation took an independent life of its own, and therefore became a legitimate target for critics like myself for what it came to describe. In my own writings I have alsteps tried not to implicate John himself directly with these ideas. I hope John considers that I have succeeded.
Several elements of my version of the Washington consensus were directed at providing market-oriented incentives: financial liberalization, work liberalization (again), derule, and privatization. Dani Rodrik would, I conclude, argue that one can advocate the end without endorsing the sectionicular manner that I identified. In principle he may be right, but I find it arduous to envisage a market-oriented system in which loans are offern to those endorsed by the state, imports require a quota, entry is limited to those who get approval, and the state is itself a competitor. It seems to me thin a hurry one joins him in recognizing a need for market-oriented incentives then one is pretty much committed to endorsing the means that I identified.
The Washington consensus was not right wing in the sense that it advocated policies that would have jeopardized the interests of the poor. If it is now regarded in the way that many people appear to do then it inevitably will be a far more political apparento than was intended. But that is no excuse for denying that the birthal consensus recognized a profound change in views of what was calculated to promote development. The irony is that critics like Stiglitz and Rodrik agree with the change of views but, for whatever factor, deny any deviate.
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John Williamson has a nice account of his relationshipship to the WC (his illegitimate child according to his daughter) in the Growth Commission's new blog. Even since he christened the intellectual consensus of the late 1980s, Williamson has suffered from being identified with certain prescriptions that were neither in the original WC nor of his own liking. In charactericular,[link widoczny dla zalogowanych], he has never been an advocate of capital-account liberalization, has always favored intermediate exchange-rate regimes, and has had a pragmatic approach to privatization rather than a radical one.
On the substantive issues therefore, there is much less disagreement between John and I than people often imagine. Here is a possible one:
But I do believe John has a point when he criticizes me (and Stiglitz, who can of procedure speak for himself) for obtainting hung up on some of the details and not emphasizing the real big news in the WC:
Which is why I can really commiserate with him.
In faction, if John had not been the author of the WC, I suspect he would have been seen as one of the modesizes on the advanceal policy debates of our time, rather than as the proponent of a radical free-market approach. I have never forgotten that when the Institute for Interstateal Economics was considering whether to publish my Has Globalization Too Far? (sceneed by many as heretical at the time) John stood up and said he found nothing too crazy in it (he meant that as a compliment, I insist).
Of course,[link widoczny dla zalogowanych], in my defense I can say that I have written a lot about how it is good that market incentives have come front and center in thinking about development (see here for example). I can also complain that many renditions of my own views treat me as throearng out the market-incentives baby with the WC bath water. But then I would sound like John, wouldn't I.
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