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John Harold Williamson (June 7, 1937 – April 11, 2021) was a British-born economist who coined the term Washington Consensus. He served as a senior fellow at the Peterson Institute for International Economics from 1981 until his retirement in 2012.
Apr 15, 2021 · John Williamson, a British economist who in 1989 coined the phrase “Washington Consensus” to describe a set of policy reforms for developing economies, then spent the rest of his career trying...
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Apr 15, 2021 · John Williamson, a British-born economist for the World Bank and other institutions and think tanks, who was best known for coining the term “Washington Consensus” to describe a set of reforms...
- Matt Schudel
The term was first used in 1989 by English economist John Williamson. [2] . The prescriptions encompassed free-market promoting policies such as trade liberalization, privatization and finance liberalization. [3] [4] They also entailed fiscal and monetary policies intended to minimize fiscal deficits and minimize inflation. [4]
Williamson taught economics at universities around the world and devised policies for governments and organizations like the World Bank and the International Monetary Fund (IMF). He authored 14 books, co-authored eight, and wrote scores of academic papers, developing influential ideas on heady subjects such as exchange-rate policy.
John Williamson's analysis in the early 1980s appears as apt today as it did then: "The traditional criticisms, which initially stemmed primarily from left-wing elements in borrowing countries, were that the IMF adopts a doctrinaire monetarist approach, that it is insensitive to the individual situations of borrowing countries, that it imposes ...
May 12, 2021 · Most recently a senior fellow at the Peterson Institute for International Economics in Washington, Williamson influenced economic policy in the U.S. and internationally for more than five decades. Williamson earned his Ph.D. at Princeton in 1963.
