«Washington Consensus» – Financial Model of Market Reforms in Kazakhstan
Keywords:
relief program, liberalization, privatization, monetary restriction, selective social protection, effective owner, feature of any cultureAbstract
Main setups and principles of the relief program for developing countries (countries of Southeast Europe, Latin America and CIS) called «Washington consensus» are given. The process of transition engineering in the countries in transition is described. Realization of several plights of Washington consensus in Kazakhstan and countries of Southeast Europe in view of national peculiarities, conditions and specifics of its economy are considered. Constructive criticism of Washington consensus and concrete suggestions on further improvement of economic policy of Kazakhstan are given in the article.References
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Report. – 1997. World Bank, 1997; Transition period: analysis and first decade lessons for countries of Eastern Europe and former
Soviet Union. World Bank, 2002. Last document was published already after J. Stiglitz left the World Bank. (rus)
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Published
2016-05-10
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ECONOMICS
