Economics: “Washington Consensus” risks derailment by grassroots opponents*

Colin Teese, formerly Deputy Secretary of the Department of Trade, explains why the so-called “Washington Consensus” on the world economy risks being derailed by community opposition.News Weekly readers will be aware that Mr Fred Bergsten — a respected American economist of the Democrat persuasion, with experience as a senior official in more than one Administration — has expressed concern about the mounting resistance, world-wide, to globalisation. Mr Bergsten warned that this was a dev…

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