John Williamson (economist)
Encyclopedia
John Williamson, born 1937, is an economist and coined the term Washington Consensus
. He is a critic of capital liberalization and the bipolar Exchange rate
.
Williamson has been a Senior fellow at the Peterson Institute for International Economics since 1981. He was the project director for the UN High-Level Panel on Financing for Development (the Zedillo Report) in 2001. He was also on leave as Chief Economist for South Asia at the World Bank
during 1996-99. He was an adviser to the International Monetary Fund
from 1972 to 1974 and Economic Consultant to the UK Treasury from 1968 to 1970.
He has been an Economics professor at Pontifícia Universidade Católica do Rio de Janeiro
(1978–81), University of Warwick
(1970–77), Massachusetts Institute of Technology
(1967, 1980), University of York
(1963–68) and Princeton University
(1962–63).
Washington Consensus
The term Washington Consensus was coined in 1989 by the economist John Williamson to describe a set of ten relatively specific economic policy prescriptions that he considered constituted the "standard" reform package promoted for crisis-wracked developing countries...
. He is a critic of capital liberalization and the bipolar Exchange rate
Exchange rate
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency...
.
Williamson has been a Senior fellow at the Peterson Institute for International Economics since 1981. He was the project director for the UN High-Level Panel on Financing for Development (the Zedillo Report) in 2001. He was also on leave as Chief Economist for South Asia at the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
during 1996-99. He was an adviser to the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
from 1972 to 1974 and Economic Consultant to the UK Treasury from 1968 to 1970.
He has been an Economics professor at Pontifícia Universidade Católica do Rio de Janeiro
Pontifícia Universidade Católica do Rio de Janeiro
The Pontifícia Universidade Católica do Rio de Janeiro is a private and non-profit Catholic university, located in Rio de Janeiro, the second largest city of Brazil...
(1978–81), University of Warwick
University of Warwick
The University of Warwick is a public research university located in Coventry, United Kingdom...
(1970–77), Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
(1967, 1980), University of York
University of York
The University of York , is an academic institution located in the city of York, England. Established in 1963, the campus university has expanded to more than thirty departments and centres, covering a wide range of subjects...
(1963–68) and Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
(1962–63).
External links
- John Williamson biography - Peterson Institute for International Economics
- A Guide to John Williamson's writing - Peterson Institute for International Economics
- The Zedillo report (UN)
- What Washington Means by Policy Reform, Chapter 2 from Latin American Adjustment: How Much Has Happened?
- Did the Washington Consensus Fail?