The Global Alternative.

Though the leaders of the Washington Consensus would deny it, there's more than one way to organize the global economy.

THE ECONOMIC ORTHODOXY THAT GUIDES THE management of the global economy has failed to deliver. During the past two decades of accelerated privatization, deregulation, and free trade, global growth has actually slowed. The countries (mostly Asian) that grew faster rejected the advice of the bankers, bureaucrats, consultants, and media pundits who constitute the Washington Consensus on such matters. At the same time, inequality both in developed and in ...