Economic policy prescriptions for crisis-hit developing countries known as the “Washington Consensus” have boosted prosperity in Asia and beyond but also have been criticized for negatively affecting manufacturing jobs and the labor force in developed countries.

In this podcast, Jenny Gordon, Honorary Professor at the Centre for Social Research and Methods at the Australian National University, explains the principles and limitations of the Washington Consensus and how countries can approach them effectively moving forward.

Transcript: adbi.me/3Ow6AxQ

The way forward for "Washington Consensus" development reforms

ADBI is the think tank of the Asian Development Bank. We conduct policy research and capacity building to drive sustainable development in Asia and the Pacific.

The way forward for "Washington Consensus" development reforms

Asia's Developing Future