After the Washington Consensus: Restarting Growth and Reform in Latin America

This volume is a successor of sorts to the Institute's 1986 volume "Toward Renewed Economic Growth In Latin America". It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after the better part of a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. It diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infra-structure of a market economy with an egalitarian basis, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises.