dec 1, 1983 - Washington Consensus

Description:

The W. Consensus are a series of measures that were thought to be very helpful to help the Latin American Countries which were struck by the Latin America Debt Crisis of 1981.

I) Strict fiscal policy to avoid deficit spendings

II) Subsidies towards pro-growth firms & services like healthcare or primary education

III) Expanding tax base

IV) interest rates in real terms

V) Competitive Exchange Rates

VI) Deregulation

VII) Incentivize privatization

VIII) Trade Liberalization

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