WASHINGTON, DC: The financial crisis that began in 2007 has been persistently marked by muddled thinking and haphazard policymaking. Now, the United States Treasury is headed for a mistake of historic and catastrophic proportions by refusing to bail (...)
A second big American interest-rate cut in a fortnight, alongside an economic stimulus plan that united Republicans and Democrats, demonstrates that US policymakers are keen to head off a recession that looks like the consequence of rising mortgage (...)
For the 25 years, the so-called "Washington Consensus - comprising measures aimed at expanding the role of markets and constraining the role of the state - has dominated economic development policy. As John Williamson, who coined the term, put it in (...)
