ABSTRACT
In 1989, John Williamson presented the term “Washington Consensus” to describe the consensus between the Washington-based Executive Branch of the US government, the IMF and the World Bank. These three entities are the main financiers of developing economies. Williamson identifies ten Washington Consensus policy instruments regarding fiscal discipline, public expenditure priorities, tax reform, financial liberalization, exchange rates, trade liberalization, FDI, privatization, deregulation, and property rights. This chapter to develop an alternative scheme and recommendations for international development, as a response to the Washington Consensus and the After the Washington Consensus, pulling from the Marxian tradition. In the fall of 1999, during a conference at Princeton University, Pedro-Pablo Kuczynski expressed his concern to Williamson about the economic stagnation in Latin America. The chapter reminds the policies of the After the Washington Consensus based on Kuczynski and Williamson in the order presented by fathers of the term with the stipulation how each policy relates to the original Washington Consensus.
