Washington Consensus

(noun)

A term that refers to a set of ten relatively specific economic policy prescriptions that constitute the "standard" reform package promoted for crisis-wracked developing countries.

Related Terms

  • World Bank
  • International Monetary Fund

Examples of Washington Consensus in the following topics:

  • The International Monetary Structure

    • This view has been labelled as the Washington Consensus.
  • European Consensus of Africa

  • Final Efforts at Compromise

    • Congressional leaders convened the Washington Peace Conference in an effort to prevent the rest of the Southern states from seceding.
    • The ensuing Washington Peace Conference of 1861 was the final cumulative effort by the individual states to resolve the crisis.
    • Successive attempts to modify these proposals also failed to achieve a consensus.
    • With the adjournment of Congress, the inauguration of Lincoln as president, and the flood of new Republican leaders to power in Washington, Democrats in Congress could no longer work towards a sectional compromise.
    • Instead, Washington and the United States looked to president-elect Lincoln for action against disunion.
  • Techniques for Reaching a Group Consensus

    • Making decisions by consensus is not necessarily ideal or even desirable.
    • Another way to think about consensus is as the absence of objections.
    • One approach to consensus building is the Quaker model.
    • Another formal technique for consensus building comes from the consensus-oriented decision-making (CODM) model.
    • Define consensus and the varying ways in which it can be achieved in a group dynamic
  • Participatory Democracy

    • Political variants of participatory democracy include consensus democracy, deliberative democracy, demarchy, and grassroots democracy.
    • It adopts elements of both consensus decision making and majority rule.
    • The Occupy Wall Street General Assembly meets in Washington Square Park for the first time on Saturday, October 8.
  • Introduction to Consensus-based Democracy

    • The details of how these systems work vary widely, but there are two common elements: one, the group works by consensus most of the time; two, there is a formal voting mechanism to fall back on when consensus cannot be reached.
    • Consensus simply means an agreement that everyone is willing to live with.
    • It is not an ambiguous state: a group has reached consensus on a given question when someone proposes that consensus has been reached and no one contradicts the assertion.
    • The person proposing consensus should, of course, state specifically what the consensus is, and what actions would be taken in consequence of it, if those are not obvious.
    • For small, uncontroversial decisions, the proposal of consensus is implicit.
  • Conclusion: Change in the 1960s

    • Their efforts helped unravel the national consensus and laid bare a far more fragmented society.
    • During the March on Washington for Jobs and Freedom (a), a huge crowd gathered on the National Mall (b) to hear the speakers.
    • Although thousands attended, many of the march’s organizers had hoped that enough people would come to Washington to shut down the city.
  • Making the Most of Committees

    • A social worker with Child Welfare Services for the State of Washington once showed me how to write agendas which map out meetings in crisp detail.
    • Seek consensus.
    • A two-year college in Washington State has used this template for keeping minutes of committee meetings for at least the last five years:
  • Levels of Processing

    • The consensus was that information is easier to transfer to long-term memory when it can be related to other memories or information the person is familiar with.
    • Suppose you have to remember the first four presidents of the United States: Washington, Adams, Jefferson, and Madison.
    • Associate the first president, Washington, with the first room (the living room).
  • Washington's Escape from New York

    • Although Howe was successful in driving Washington out of New York City, he was unsuccessful in taking New Jersey.
    • Four days later, Fort Lee, across the Hudson River from Fort Washington, was also taken.
    • He reassembled an army of more than 6,000 men, and marched most of them against a position Washington had taken south of Trenton.
    • Washington sent troops and reinforcement to Princeton, successfully driving the British from the city.
    • Washington entered winter quarters at Morristown, having retaken most of the state from the British.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.