The End Of The Eastern Alliance - 1561 Words

It can be contended that 1989 was an incredible year for world history. The end of the eastern alliance was denoted by the fall of the Berlin Wall. The evident victory of capitalism has prompted changes, within all the countries of the world, in the monetary strategy taken from that point forward. The new financial strategy, known as  «Washington Consensus », comprised of a bundle of 10 basic economic policies, seeking to accomplish full liberalization of worldwide markets from any regulations which existed. The acknowledgment of this structure by worldwide associations and by the legislatures of the world, was almost common.The monetary approach followed the rules of the universal associations to accomplish the main purposes set around the Washington Consensus. This paper intends to better comprehend the philosophy of Washington Consensus, by examining its ideological hypothetical foundation (how it is organized and how it worked), the criticism it received from different opposing views, and finally its performance through the different real-life examples. Hypothetical structure and role of Washington Consensus The term â€Å"Washington Consensus† was first presented, by John Williamson, during an era when the power of Keynesian financial hypothesis had ended - after the crisis of the mid 70s and the obvious powerlessness of Keynesianism to stand before it (2004). Hence, sponsored by Reagan and Thatcher governments, neoliberalism have turned into the new universality.Show MoreRelatedOperation Anaconda Operation Anaconda took place as a part of the War in Afghanistan in early1500 Words   |  6 PagesOperation Anaconda Operation Anaconda took place as a part of the War in Afghanistan in early March of 2002. 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