PRESIDENCY His 7 Years, 308 days as President PRO With his enormous prestige as a leader and his considerable political skill, Washington managed to keep 13 quarreling States together for 8 difficult years. documentary showing the harmful effects of the washington consensus/ SAPS on jamaica especially agriculturally, Imf and WB "shock therapy has increased poverty and inequality in Jamaica.effects of neoliberalism and SAPS, in debt but without the promises of their loans being fulfilled, "what is being fostered by the neoliberal regime is not development, but dependency" About the presidency of George Washington, the first president of the United States of America, some of the pros and cons. Let us list below the various elements of Washington Consensus: 1. Washington Consensus or Washington Confusion? The former is looking at industries in the western context whereas the latter is looking the Asian context mainly China. The Washington of this paper is both the political Washington of Congress and It is hoped that the country studies to be guided by this background paper will comment on the extent to which the Washington consensus is shared in the country in question…. It is surprising and also quite illuminating to get the insider image of the workings of some large institutions in this way. The later part of the report will discuss and compare the two consensus such as identifying their differences as well as pros and cons of using each model. In a strange way, the Washington Consensus became an ill-suited and temporary substitute for the all-encompassing ideological frameworks that millions of people had come to depend on to shape their opinions about affairs at home and abroad, Neo-liberalism is closely associated with the Washington Consensus – the free market approach of the IMF and In it, he highlights many, many more issues, criticisms and aspects of IMF/Washington Consensus ideological fanaticism that have hindered development, and in many cases, as he points out, worsened situations. They are namely the Washington Consensus and the Beijing Consensus. overwhelmingly confusing reality. been growing in the last decade against the Washington Consensus approach, motivated by its quite disappointing results as a strategy for economic development. Fiscal Adjustment: This means that developing countries should take steps to reduce fiscal deficit through curtailing Government expenditure by drastically explicit and implicit subsidies provided by the Government of … The Washington Consensus is a set of ten economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund (IMF), … Recently, neoliberalism has been associated with the policies of austerity and attempts to reduce budget deficits – usually by cutting government spending on social programmes. In identified do indeed command a consensus and on whether they deserve to command it. The second is that the debate concerning the pros and cons of industrial policy is now far less ideological than in the past.