The London Consensus

A generation ago, the so-called Washington Consensus laid out a series of dos and don’ts for policymakers around the world. Today, that vision is recognised as having fallen short in a number of ways – particularly in its neglect of the social and institutional factors that are indispensable for ach...

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I whakaputaina: LSE Press 2026
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description A generation ago, the so-called Washington Consensus laid out a series of dos and don’ts for policymakers around the world. Today, that vision is recognised as having fallen short in a number of ways – particularly in its neglect of the social and institutional factors that are indispensable for achieving sustained growth and for building fairer and more cohesive societies. The immense challenges humanity faces are easy to list: climate change, pandemics, social inequalities, the far-reaching effects of the tech revolution and AI, a fragmenting world economy, and a wave of populism and political polarisation that has undermined support for liberal democracy in many countries. It is much harder to identify a set of new ideas – and policies – that will solve these seemingly intractable global problems. In this new world, political leaders and policymakers need guidance and principles that can assist when choosing among policy alternatives. To this end, the editors of this volume convened over 50 of the world’s leading economists and policy experts at the London School of Economics and Political Science (LSE). The London Consensus: Economic Principles for the 21st Century is the result of these exchanges. It is not intended as a one-size-fits-all set of economic remedies, but an exercise in assembling the best available evidence and ideas to foster dialogue, and ultimately to develop a set of principles that can address the urgent political, social and economic tasks ahead.
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spelling doab-20.500.12854ir-1741832026-05-04T19:00:04Z The London Consensus Besley, Tim Bucelli, Irene Velasco, Andrés Climate change Development economics Political economy Public policy Sustained development Washington Consensus thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPP Public administration thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPQ Central / national / federal government::JPQB Central / national / federal government policies A generation ago, the so-called Washington Consensus laid out a series of dos and don’ts for policymakers around the world. Today, that vision is recognised as having fallen short in a number of ways – particularly in its neglect of the social and institutional factors that are indispensable for achieving sustained growth and for building fairer and more cohesive societies. The immense challenges humanity faces are easy to list: climate change, pandemics, social inequalities, the far-reaching effects of the tech revolution and AI, a fragmenting world economy, and a wave of populism and political polarisation that has undermined support for liberal democracy in many countries. It is much harder to identify a set of new ideas – and policies – that will solve these seemingly intractable global problems. In this new world, political leaders and policymakers need guidance and principles that can assist when choosing among policy alternatives. To this end, the editors of this volume convened over 50 of the world’s leading economists and policy experts at the London School of Economics and Political Science (LSE). The London Consensus: Economic Principles for the 21st Century is the result of these exchanges. It is not intended as a one-size-fits-all set of economic remedies, but an exercise in assembling the best available evidence and ideas to foster dialogue, and ultimately to develop a set of principles that can address the urgent political, social and economic tasks ahead. 2026-03-19T14:55:38Z 2026-03-19T14:55:38Z 2026-03-02T18:05:18Z 2025 book https://library.oapen.org/handle/20.500.12657/110990 9781911712435 9781911712442 9781911712459 9781911712466 https://directory.doabooks.org/handle/20.500.12854/174183 eng open access image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/110990/4/9781911712442.pdf LSE Press LSE Press 10.31389/lsepress.tlc 10.31389/lsepress.tlc 74dc3a2f-c8d1-428d-b77c-3bec749428da 9781911712435 9781911712442 9781911712459 9781911712466 LSE Press 672 London, UK open access
spellingShingle Climate change
Development economics
Political economy
Public policy
Sustained development
Washington Consensus
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPP Public administration
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPQ Central / national / federal government::JPQB Central / national / federal government policies
The London Consensus
title The London Consensus
title_full The London Consensus
title_fullStr The London Consensus
title_full_unstemmed The London Consensus
title_short The London Consensus
title_sort london consensus
topic Climate change
Development economics
Political economy
Public policy
Sustained development
Washington Consensus
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPP Public administration
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPQ Central / national / federal government::JPQB Central / national / federal government policies
topic_facet Climate change
Development economics
Political economy
Public policy
Sustained development
Washington Consensus
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPP Public administration
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPQ Central / national / federal government::JPQB Central / national / federal government policies
url https://library.oapen.org/handle/20.500.12657/110990