A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives
Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural...
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| Autor*in: |
Asongu, Simplice A. [verfasserIn] |
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| Format: |
Artikel |
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| Sprache: |
Englisch |
| Erschienen: |
2019 |
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| Anmerkung: |
© Springer-Verlag GmbH Germany, part of Springer Nature 2019 |
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| Übergeordnetes Werk: |
Enthalten in: International review of economics - Springer Berlin Heidelberg, 2007, 67(2019), 2 vom: 18. Sept., Seite 111-129 |
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| Übergeordnetes Werk: |
volume:67 ; year:2019 ; number:2 ; day:18 ; month:09 ; pages:111-129 |
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10.1007/s12232-019-00334-9 |
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| 520 | |a Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. | ||
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10.1007/s12232-019-00334-9 doi (DE-627)OLC2071283171 (DE-He213)s12232-019-00334-9-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ Asongu, Simplice A. verfasserin aut A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives 2019 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag GmbH Germany, part of Springer Nature 2019 Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. Economic thought Development Beijing Model Washington Consensus Africa Acha-Anyi, Paul N. aut Enthalten in International review of economics Springer Berlin Heidelberg, 2007 67(2019), 2 vom: 18. Sept., Seite 111-129 (DE-627)54610715X (DE-600)2390807-5 (DE-576)286023334 1865-1704 nnns volume:67 year:2019 number:2 day:18 month:09 pages:111-129 https://doi.org/10.1007/s12232-019-00334-9 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_26 GBV_ILN_267 GBV_ILN_2018 AR 67 2019 2 18 09 111-129 |
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10.1007/s12232-019-00334-9 doi (DE-627)OLC2071283171 (DE-He213)s12232-019-00334-9-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ Asongu, Simplice A. verfasserin aut A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives 2019 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag GmbH Germany, part of Springer Nature 2019 Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. Economic thought Development Beijing Model Washington Consensus Africa Acha-Anyi, Paul N. aut Enthalten in International review of economics Springer Berlin Heidelberg, 2007 67(2019), 2 vom: 18. Sept., Seite 111-129 (DE-627)54610715X (DE-600)2390807-5 (DE-576)286023334 1865-1704 nnns volume:67 year:2019 number:2 day:18 month:09 pages:111-129 https://doi.org/10.1007/s12232-019-00334-9 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_26 GBV_ILN_267 GBV_ILN_2018 AR 67 2019 2 18 09 111-129 |
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10.1007/s12232-019-00334-9 doi (DE-627)OLC2071283171 (DE-He213)s12232-019-00334-9-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ Asongu, Simplice A. verfasserin aut A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives 2019 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag GmbH Germany, part of Springer Nature 2019 Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. Economic thought Development Beijing Model Washington Consensus Africa Acha-Anyi, Paul N. aut Enthalten in International review of economics Springer Berlin Heidelberg, 2007 67(2019), 2 vom: 18. Sept., Seite 111-129 (DE-627)54610715X (DE-600)2390807-5 (DE-576)286023334 1865-1704 nnns volume:67 year:2019 number:2 day:18 month:09 pages:111-129 https://doi.org/10.1007/s12232-019-00334-9 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_26 GBV_ILN_267 GBV_ILN_2018 AR 67 2019 2 18 09 111-129 |
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10.1007/s12232-019-00334-9 doi (DE-627)OLC2071283171 (DE-He213)s12232-019-00334-9-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ Asongu, Simplice A. verfasserin aut A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives 2019 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag GmbH Germany, part of Springer Nature 2019 Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. Economic thought Development Beijing Model Washington Consensus Africa Acha-Anyi, Paul N. aut Enthalten in International review of economics Springer Berlin Heidelberg, 2007 67(2019), 2 vom: 18. Sept., Seite 111-129 (DE-627)54610715X (DE-600)2390807-5 (DE-576)286023334 1865-1704 nnns volume:67 year:2019 number:2 day:18 month:09 pages:111-129 https://doi.org/10.1007/s12232-019-00334-9 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_26 GBV_ILN_267 GBV_ILN_2018 AR 67 2019 2 18 09 111-129 |
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10.1007/s12232-019-00334-9 doi (DE-627)OLC2071283171 (DE-He213)s12232-019-00334-9-p DE-627 ger DE-627 rakwb eng 330 VZ 330 VZ Asongu, Simplice A. verfasserin aut A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives 2019 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer-Verlag GmbH Germany, part of Springer Nature 2019 Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. Economic thought Development Beijing Model Washington Consensus Africa Acha-Anyi, Paul N. aut Enthalten in International review of economics Springer Berlin Heidelberg, 2007 67(2019), 2 vom: 18. Sept., Seite 111-129 (DE-627)54610715X (DE-600)2390807-5 (DE-576)286023334 1865-1704 nnns volume:67 year:2019 number:2 day:18 month:09 pages:111-129 https://doi.org/10.1007/s12232-019-00334-9 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-IBL GBV_ILN_11 GBV_ILN_26 GBV_ILN_267 GBV_ILN_2018 AR 67 2019 2 18 09 111-129 |
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A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives |
| abstract |
Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. © Springer-Verlag GmbH Germany, part of Springer Nature 2019 |
| abstractGer |
Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. © Springer-Verlag GmbH Germany, part of Springer Nature 2019 |
| abstract_unstemmed |
Abstract Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long term and short run, respectively. While the paper postulates for a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities, respectively. By attempting to reconcile the WC with the BM, the study contributes at the same time to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at different stages of the process of development. © Springer-Verlag GmbH Germany, part of Springer Nature 2019 |
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| title_short |
A survey on the Washington Consensus and the Beijing Model: reconciling development perspectives |
| url |
https://doi.org/10.1007/s12232-019-00334-9 |
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| author2 |
Acha-Anyi, Paul N. |
| author2Str |
Acha-Anyi, Paul N. |
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| doi_str |
10.1007/s12232-019-00334-9 |
| up_date |
2024-07-04T03:18:58.104Z |
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