01626cas a2200229 a 4500 AALejournalIMF008202 230101c9999 xx r poo 0 0eng d 9781451952414 0145-1707 BD-DhAAL BD-DhAAL International Monetary Fund. External Relations Dept. Finance and Development, September 2003. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (58 pages) Finance and Development <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper highlights that the Washington Consensus helped fill the need for an economic policy framework following the discrediting of central planning and import-substitution trade strategies. Latin American governments championed the Consensus in the early 1990s, and the policy agenda delivered some of the things it was supposed to-healthier budgets, lower inflation, lower external debt ratios, and economic growth. But unemployment rose in many countries and poverty remained widespread, while the emphasis on market openness made states vulnerable to the side effects of globalization. Mode of access: Internet Finance and Development; Finance and Development ; No. 0040/003 Full text available on IMF http://elibrary.imf.org/view/journals/022/0040/003/022.0040.issue-003-en.xml IMF e-Library