Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Washington Consensus

Chapter 15
Global Dimensions of Democracy and Human Rights: Problems and Perspectives
The view that Global South countries can best achieve sustained economic growth through democratic governance fiscal discipline free markets a reliance on private enterprise, and trade liberalization.
Published in Chapter:
The Free Market Economy as the Main Guarantee of the State's Socio-Economic Development and Promoting International Cooperation
Irakli Kervalishvili (Georgian Technical University, Georgia)
Copyright: © 2022 |Pages: 16
DOI: 10.4018/978-1-6684-4543-3.ch015
Abstract
The free market economy is a market system in which the prices of goods and services are the result of an agreement reached freely between sellers and consumers, without the intervention of outside forces. The laws and forces of supply and demand in such a market are free from the influence of government, price-fixing monopolies, or any other power. A free market is a controlled market or a regulated market in which the government intervenes in the regulation of supply and demand through non-market methods, such as laws that prohibit market entry or that directly regulate prices. A free-market economy (market economy) is a market-based economy where the prices of goods and services are freely formed by the forces of supply and demand, and they are able to reach equilibrium without government policy interference.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Chapter 7
Digital Social Innovation for Better Connected Government: The Case of Republic of Macedonia
This covers policies and reforms, as presented by John Williamson of the Institute for International Economics in 1989. These were reforms designed for Third World countries, first in South America and later applied in the so-called transition from socialism to capitalism of the eastern European countries, after the fall of the Berlin wall in 1989. Here are some of those reforms: privatization of state-owned companies, deregulation, trade liberalization; opening up to foreign direct investment; strict fiscal policy, tax reform; market-determined interest rates, legal protection of property rights.
Published in Chapter: Digital Social Innovation for Better Connected Government: The Case of Republic of Macedonia; From: Web 2.0 and Cloud Technologies for Implementing Connected Government
Full Text Chapter Download: US $37.50 Add to Cart
Chapter 13
The Economic Component of World Politics and the Main Global Social and Economic Problems
The view that Global South countries can best achieve sustained economic growth through democratic governance fiscal discipline free markets a reliance on private enterprise, and trade liberalization.
Published in Chapter: The Economic Component of World Politics and the Main Global Social and Economic Problems; From: World Politics and the Challenges for International Security
Full Text Chapter Download: US $37.50 Add to Cart
Chapter 1
Using Human-Centered Trade Policies to End Violence in Africa: How Intracontinental Trade Can Shape Human Rights Policies and End State Violence
A set of free-trade economic policies supported by international institutions, such as the World Bank or the IMF, at the base of borrowing conditions in developing countries.
Published in Chapter: Using Human-Centered Trade Policies to End Violence in Africa: How Intracontinental Trade Can Shape Human Rights Policies and End State Violence; From: Preventing and Reducing Violence in Schools and Society
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR