Given the foregoing, it is necessary to clarify that this is mainly to outline the process as it has been implemented, , Managing Partner , the so-called Washington Consensus, particularly as expressed in the recommendations and practices of the IMF and World Bank among others.
One criticism comes from the theorists of globalization itself. As we have seen, these are opposed to the barriers and obstacles to the movement of both goods and people who say that governments continue to impose globalization policies on products and people from other countries. Equally questionable is the subsidies and other protectionist measures that the countries used. private equity platform with investor base, In that sense, it has been argued that the institutions of “Consensus” are to serve their largest shareholders (ie USA) and not that of those who was created to benefit.
Another criticism is that it can be argued that if we accept the suggestion of the proponents of globalization that both democracy and capitalism were the sources of economic prosperity of developed countries, which follows the role that the state pursued at the national level in the net worth emerging markets,emergence of that prosperity needs to be replicated not only at the level of countries that are integrated to the system but also to the international and Even some proponents of globalization acknowledge this (although it is argued that democracy by itself does not promote economic growth may be considered to be the origin of the present level of economic development Alan and social welfare in certain countries is due to political considerations that are urgent with the expansion and deepening of democracy -see “Origins and Evolution” in the welfare state-Maybe you can suggest that while the mere democracy does not produce prosperity, once they are both present system creates a positive feedback)
a) The special development, Dr Amsden, says that for example in Latin America by comparing the periods from 1950 to 1980 and from 1980 to 2000, all countries grew faster before the Washington Consensus (before 1980) that after that year.
b) Progress, for example, the rights of women, reduction in infant mortality, increase in the rates of education, etc,global private equity firm,