4 ms·

The Washington Consensus Works: Causal Effects of Reform, 1970-2015

• barry-cotter 6y ago
  > Highlights Sustained economic reform significantly raises real GDP per capita over a 5- to 10-year horizon. > Despite the unpopularity of the Washington Consensus, its policies reliably raise average incomes. > Countries that had sustained reform were 16% richer 10 years later.