Which of the following is part of the neoliberal prescription of the Washington consensus?
A) austerity,privatization,and market liberalization
B) imposing controls over trade and currency exchanges
C) spending,nationalization,and market regulation
D) increasing government spending

Question

Quizplus · Accepted Answer

The Washington consensus includes the promotion of neoliberal policies such as austerity (reducing government spending), privatization (selling off state-owned companies to the private sector), and market liberalization (opening up markets to foreign competition). These policies are intended to promote free-market capitalism and reduce government intervention in the economy. Option B is incorrect because the Washington consensus actually encourages free trade and currency convertibility. Option C is incorrect because it advocates for state intervention in the economy, which is contradictory to the neoliberal approach. Option D is incorrect because the Washington consensus emphasizes reducing government spending and intervention rather than increasing it.

Which of the Following Is Part of the Neoliberal Prescription