UR history is weak, South America was also being liberalized during the 1980's and it has failed in 2002. INDIA was liberalized in 1990's and may be it will also suffer bcoz of capitaloimperialists like you.
The Washington Consensus is a phrase initially coined in 1989 by John Williamson to describe a relatively specific set of ten economic policy prescriptions that he considered to constitute a "standard" reform package promoted for crisis-wracked countries by Washington-based institutions such as the International Monetary Fund, World Bank and U.S. Treasury Department.[1] Economic crisis in SOUTH AMERICA 2002 bcoz of NEO LIBERALISATION -------------------------------------- http://en.wikipedia.org/wiki/Washington_consensus
The term "Washington consensus" has since acquired a secondary connotation, being used to describe a less-precisely stipulated gamut of policies, broadly associated with expanding the role of market forces and constraining the role of the state, sometimes also described as neo-liberalism or market fundamentalism.
The Washington Consensus, especially in this second, broader formulation, has been the target of sharp criticism by some individuals and groups who argue that it is a way to open up less developed countries to investments from large multinational corporations and their wealthy owners in advanced First World economies, which the critics would view as a negative development. As of 2007, several Latin American countries are led by social
