Pakistan's best MCQs practice hub — FPSC · PPSC · CSS · NTS · Other Exams
Login

The ‘Washington Consensus’ formulated by John Williamson in 1989 refers to a set of free-market economic policy recommendations for developing countries, emphasizing:

AState nationalization of key industries
BFiscal discipline, privatization, deregulation, and trade liberalization
CHigh protective trade tariffs
DPrice controls on basic commodities

Explanation

The Washington Consensus promoted neoliberal economic reforms backed by the IMF, World Bank, and US Treasury.

Exam Relevance
  • Topic: International Political Economy
  • Subtopic: Washington Consensus
Submitted by: mcqstutor Team More Political Science MCQs →

No Comments

Leave a comment

Your email address will not be published. Required fields are marked *