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1 Studia Ekonomiczne (Economic Studies)

1 2006

1 Jasinski L.

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ASSESSMENT OF THE WASHINGTON CONSENSUS AS AN ECONOMIC DEVELOPMENT FORMULA

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Jasinski L.

nr 4(51)

257-269

Ten economic policy principles, known as the Washington consensus, are discussed from the point of view of their practical applicability. The controversies they have brought in the economic disputes are described and assessed. An attempt to verify these principles from the point of view of statistical evidence was presented. This verification cannot bring full answer to the question of importance of the consensus. The general conclusion of the paper is that the consensus is not a perfect formula of economic development, but its principles can be hardly ignored.