Abstract
The author argues that the Washington consensus is too narrow in its objectives - in its focus on GDP - and in what it sees as the instruments of development, the improvement of resource allocation, through trade liberalization, privatization and stabilization, that development needs to be seen as a transformation of society, a change in mindsets, and that workers and workers' institutions have to be at the center of the development process.
Full Citation
Stiglitz, Joseph. “Democratic Development as the Fruits of Labor.”
Perspectives on Work
vol. 4,
(January 01, 2000): 31-38.