Data for: "Washington Consensus in Latin America: From Raw Model to Straw Man"

We take stock of three decades of a love-hate relationship between Latin American policies and the Washington Consensus, reviewing the initial national debate and its implementation thereafter. Focusing on Brazil, Chile, and Mexico, we discuss the varying degrees of the WC implementation and evaluate performance. Additionally, we analyze the adoption of further policies that supplemented the original WC and identify remaining challenges. We find mixed results: macroeconomic stability is much improved, but the economic growth performance has generally been disappointing, despite improvement relative to the 1980s. We discuss the risk that the region could revert parts of the WC reforms necessary for sustained growth and miss the opportunity to push for changes leading to more productive, sustainable, and fair economies.<b></b>