UNIT 4 (9. POST- WASHINGTON CONSENSUS)

Question 1

What were the key principles of the Post-Washington Consensus?

Answer 1

The key principles of the Post-Washington Consensus included context-specific policies, emphasis on inclusive growth, focus on comprehensive social policies, and commitment to environmental sustainability.

Question 2

How did Vietnam align with the principles of the Post-Washington Consensus?

Answer 2

Vietnam adopted a gradual and context-specific approach to market-oriented reforms. They prioritized social development alongside economic growth, resulting in significant poverty reduction