Scenarios about 'Washington Consensus'
The Washington Consensus refers to a set of economic policy prescriptions promoted by Washington-based institutions like the IMF and World Bank during the late 1980s and 1990s. These neoliberal policies advocated fiscal discipline, privatization, trade liberalization, and deregulation for developing nations, particularly in Latin America. In alternate history scenarios, divergences from or earlier/later implementations of these policies often serve as critical points of departure for economic and political developments across the Global South.
What If Globalization Took a Different Path?
Exploring the alternate timeline where globalization developed with stronger regional economic blocs, greater regulatory oversight, and without the Washington Consensus dominating international development.
What If Neoliberalism Never Became Dominant?
Exploring the alternate timeline where Keynesian economics remained the prevailing economic paradigm and neoliberal policies never gained global traction after the 1970s.
What If Privatization Never Became a Global Trend?
Exploring the alternate timeline where the global wave of privatization that began in the 1980s never occurred, dramatically reshaping modern political economy, state power, and public services.
What If Structural Adjustment Programs Were Never Implemented?
Exploring the alternate timeline where the controversial IMF and World Bank structural adjustment policies never reshaped developing economies in the 1980s and 1990s, potentially altering global economic development, debt relationships, and the trajectory of the Global South.
What If The Latin American Debt Crisis Never Happened?
Exploring the alternate timeline where Latin American nations avoided the devastating debt crisis of the 1980s, potentially transforming the region's economic development, political stability, and global influence.
What If The Washington Consensus Never Emerged?
Exploring the alternate timeline where the neoliberal economic policies known as the Washington Consensus never became the dominant framework for global development, fundamentally altering the course of economic globalization since the 1980s.