What Is the "Washington Consensus" and How Did It Influence

question 29

Essay

What is the "Washington Consensus" and how did it influence IMF policy toward developing countries?

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Definitions:

Nondeclarative Memories

Memories that are acquired and retrieved unconsciously, including procedural memories such as how to ride a bicycle.

Hippocampus

A major component of the brain in humans and other vertebrates, associated with memory forming, organizing, and storing.

Temporal Lobes

are regions of the cerebral cortex located beneath the lateral fissure on both cerebral hemispheres of the brain, involved in processing auditory information and encoding memory.

Memory Trace Decay

The theory that memory fades and disappears over time if not accessed and used, attributing forgetting to the deterioration of memory traces.