Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
From Washington to the Wall Street Consensus

From Washington to the Wall Street Consensus

Dinov, Stanyo

Paperback

Business General

ISBN10: 6209518834
ISBN13: 9786209518836
Publisher: LAP Lambert Academic Publishing
Published: Feb 6 2026
Pages: 52
Weight: 0.18
Height: 0.12 Width: 6.00 Depth: 9.00
Language: English
This book examines the financialisation of global development and its evolution from the market-oriented Washington Consensus, through the Post-Washington Consensus, to the state-capitalist-oriented Wall Street Consensus (WSC) and its potential future trajectories. A central role in this process is played by Multilateral Development Banks, which have shifted from promoting industrial development in less-developed regions to mobilising international private capital backed by public guarantees.The stury advances the hypothesis that the WSC-based financialisation paradigm is self-limiting. Its structural downsides include risk transfer to the public sector, widening social disparities, dilution of climate standards, and short-term orientation. It is linked to broader challenges such as constrained economic growth, profit shifting, tax avoidance, dependency, and renewed forms of economic colonialism.As the World Bank shifts from billions to trillions, the paper examines whether WSC changes are driven by its initiators or by shifting geopolitical rivalries.The book examines China's state-led debt-for-growth development finance, its limitations, and comparisons with the Western model.

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