Which is the Elixir as a Development Policy: Washington Consensus Liberalization or the Restrictive Beijing Model
| Title | Which is the Elixir as a Development Policy: Washington Consensus Liberalization or the Restrictive Beijing Model |
| Publication Type | Unpublished |
| Year of Publication | 2011 |
| Authors | Bekana, DMamo, Aberra, H-M, Kassahun, S, Van der Beken, C, Hunde, B, Fekade, T, Hagos, A, Bayissa, L |
| Series Title | Discussion Paper Series |
| Number | 1 |
| Pagination | 22 |
| Date Published | 06/2011 |
| Institution | Ethiopian Civil Service University |
| City | Addis Ababa |
| Type of Work | Discussion Paper |
| Keywords | Beijing Model, Contemporary Debate, Liberalization, Political Liberalization, Washington Consensus |
| Abstract | The essay argues that the influential Washington consensus neoliberal economic philosophers assume that market and price mechanisms should be promoted to achieve economic development and calls for economic liberalization undermining the role of policy instruments. On the other hand, the Beijing model development policy advocators pronounce economic liberalization in a closed politics. The essay challenges the presuppositions of these arguments. It maintains that any development model can not be universally applicable and realistic development policy should emerge out of the economic, historical, social and cultural experiences of a country while learning from the best practices of developed and emerging nations within the framework of its own practical realities. Development policy must be interpreted in the historical and social context of the society. It then contends a development policy is neither essentially evil nor good. Development policy is better seen as following from recognitions of its deontological processes and teleological perspectives than dictating single universal path to prosperity. |