A New Economic Playbook for Policymakers
https://www.project-syndicate.org/commentary/successor-to-washington-consensus-must-get-politics-right-by-tim-besley-and-andres-velasco-2025-11
The Washington Consensus assumed that economic growth would automatically follow market liberalization. That belief has not aged well, and a new policy approach must include innovation, good jobs, climate stability, gender equality, and a state empowered to provide effective regulation and high-quality public services.
The London Consensus: Economic Principles for the 21st Century
https://press.lse.ac.uk/books/e/10.31389/lsepress.tlc
https://www.project-syndicate.org/commentary/successor-to-washington-consensus-must-get-politics-right-by-tim-besley-and-andres-velasco-2025-11
The Washington Consensus assumed that economic growth would automatically follow market liberalization. That belief has not aged well, and a new policy approach must include innovation, good jobs, climate stability, gender equality, and a state empowered to provide effective regulation and high-quality public services.
The London Consensus: Economic Principles for the 21st Century
https://press.lse.ac.uk/books/e/10.31389/lsepress.tlc
Related:
Free Trade Can’t Bring Peace
https://www.project-syndicate.org/onpoint/dangerous-myth-that-free-trade-brings-peace-by-benn-steil-2025-11
For decades, the liberal belief that open trade fosters peace has shaped US foreign policy. It worked while US security guarantees held the system together, but as those commitments weaken and new powers assert themselves, the multilateral trading order is rapidly coming undone.
https://www.project-syndicate.org/onpoint/dangerous-myth-that-free-trade-brings-peace-by-benn-steil-2025-11
For decades, the liberal belief that open trade fosters peace has shaped US foreign policy. It worked while US security guarantees held the system together, but as those commitments weaken and new powers assert themselves, the multilateral trading order is rapidly coming undone.