The Washington Consensus: some Implications for Latin America
Many countries in Latin America undertook sweeping economic reforms in response to the debt crisis, which were fostered by multilateral agencies such as the IMF and were aligned with the guidelines offered by the Washington Consensus. However, and after more than 25 years of application, many result...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2017
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/4425 |
| _version_ | 1801705954064990208 |
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| author | Castañeda Rodríguez, Víctor Mauricio Díaz Bautista, Omar |
| author_facet | Castañeda Rodríguez, Víctor Mauricio Díaz Bautista, Omar |
| author_sort | Castañeda Rodríguez, Víctor Mauricio |
| collection | OJS |
| description | Many countries in Latin America undertook sweeping economic reforms in response to the debt crisis, which were fostered by multilateral agencies such as the IMF and were aligned with the guidelines offered by the Washington Consensus. However, and after more than 25 years of application, many results achieved under the said consensus in economic and social matters are contradictory; therefore, this document reviews some shortcomings of its design and considers certain recommendations of adjustment, particularly in taxation. The paper states that the lack of internal consistency of the model and the weakness of certain assumptions on which it was based, such as the alleged inefficiency of State, limited the fulfillment of its objectives. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-4425 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2017 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-44252022-06-17T21:34:19Z The Washington Consensus: some Implications for Latin America El Consenso de Washington: algunas implicaciones para América Latina Castañeda Rodríguez, Víctor Mauricio Díaz Bautista, Omar Washington Consensus Latin America economic reforms tax reforms. Consenso de Washington América Latina Reformas económicas Reformas tributarias. Many countries in Latin America undertook sweeping economic reforms in response to the debt crisis, which were fostered by multilateral agencies such as the IMF and were aligned with the guidelines offered by the Washington Consensus. However, and after more than 25 years of application, many results achieved under the said consensus in economic and social matters are contradictory; therefore, this document reviews some shortcomings of its design and considers certain recommendations of adjustment, particularly in taxation. The paper states that the lack of internal consistency of the model and the weakness of certain assumptions on which it was based, such as the alleged inefficiency of State, limited the fulfillment of its objectives. Tras la crisis de la deuda externa, diversos países de América Latina emprendieron amplias reformas económicas orquestadas por organismos multilaterales como el FMI, las cuales se alineaban con las pautas que hacían parte del Consenso de Washington. Sin embargo, tras más de 25 años de aplicación del citado Consenso, son contradictorios muchos de los resultados alcanzados en materia económica y social en la región, por lo que en este documento, además de revisar algunas falencias en su concepción, se consideran ciertas recomendaciones de ajuste, especialmente en el área tributaria. En general, se establece que la falta de coherencia interna del modelo y lo endeble de ciertas hipótesis en que se fundamentó, como la presunta ineficiencia del Estado, limitaron el cumplimiento de sus objetivos. Universidad Pedagógica y Tecnológica de Colombia 2017-02-08 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf application/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/4425 10.19053/01203053.v36.n63.2017.4425 Apuntes del Cenes; Vol. 36 No. 63 (2017); 15-41 Apuntes del Cenes; Vol. 36 Núm. 63 (2017); 15-41 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/4425/4729 https://revistas.uptc.edu.co/index.php/cenes/article/view/4425/6665 Copyright (c) 2017 Víctor Mauricio Castañeda Rodríguez, Omar Díaz Bautista http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Washington Consensus Latin America economic reforms tax reforms. Consenso de Washington América Latina Reformas económicas Reformas tributarias. Castañeda Rodríguez, Víctor Mauricio Díaz Bautista, Omar The Washington Consensus: some Implications for Latin America |
| title | The Washington Consensus: some Implications for Latin America |
| title_alt | El Consenso de Washington: algunas implicaciones para América Latina |
| title_full | The Washington Consensus: some Implications for Latin America |
| title_fullStr | The Washington Consensus: some Implications for Latin America |
| title_full_unstemmed | The Washington Consensus: some Implications for Latin America |
| title_short | The Washington Consensus: some Implications for Latin America |
| title_sort | washington consensus some implications for latin america |
| topic | Washington Consensus Latin America economic reforms tax reforms. Consenso de Washington América Latina Reformas económicas Reformas tributarias. |
| topic_facet | Washington Consensus Latin America economic reforms tax reforms. Consenso de Washington América Latina Reformas económicas Reformas tributarias. |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/4425 |
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