Washington Consensus Reforms and Lessons for Economic Performance in Sub-Saharan Africa

نویسندگان

چکیده

Over three decades after market-oriented structural reforms termed “Washington Consensus” policies were first implemented, we revisit the evidence on policy adoption and effects of these socio-economic performance in sub-Saharan African countries. We focus key ubiquitous reform around privatization, fiscal discipline, trade openness document significant improvements economic for reformers over past two decades. Following initial declines per capita growth 1980s 1990s, adopters experienced notable increases real GDP post-2000 period. complement aggregate analysis with four country case studies that highlight important lessons effective reform. Notably, ability to implement pro-poor alongside played a central role successful performance.

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ژورنال

عنوان ژورنال: Journal of Economic Perspectives

سال: 2021

ISSN: ['0895-3309', '1944-7965']

DOI: https://doi.org/10.1257/jep.35.3.133