The paper examines grounds on which a `second opinion’ to the Washington Consensus may be constructed using data for a sample of 123 rich and poor nations for the period from 1960 to 1995. The historical record makes abundantly clear that international inequality has increased not only over...

This paper investigates the fiscal consequences of various measures of policy liberalization designed to increase the global integration of developing countries. Its principal conclusions are that globalization has further accentuated the fiscal constraints facing states, and that there is a...

The paper examines grounds on which a 'second opinion' to the Washington Consensus may be constructed using data for a sample of 123 rich and poor nations for the period from 1960 to 1995. The historical record makes abundantly clear that international inequality has increased not only over the...