... the “Washington Consensus” about how the global economy should be run is now a thing of the past. ... the Obama administration is clearly moving towards the kind of government intervention that China has been promoting over the past two decades. In this model, the government, while continuing to benefit from the international market, retains power over the economy’s “commanding heights” through strict control over the financial sector, restrictive government procurement policies, guidance for research and development in the energy sector, and selective curbs on imports of goods and services.
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As the US backtracks on its liberal standards, it is flirting with what can be called the “Beijing Consensus”, which makes economic development a country’s paramount goal and prescribes that states should actively steer growth in a way that suits national stability. What matters in this worldview is not the nature of any country’s political system, but the extent to which it improves its people’s wellbeing. At the diplomatic level, this implies that national interests, not universal norms, should drive co-operation. mehr...
Starker Tobak!
PS: Als Abrundung hier Hintergrundinformationen zum Washington Consensus.
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