Until 2000, the Washington Consensus Was the Political-Economic Philosophy of the United

question 16

Essay

Until 2000, the Washington Consensus was the political-economic philosophy of the United States towards Latin America. What was the Washington Consensus and why did Latin American countries pushback against it? ​

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Definitions:

Division of Labor

is the allocation of different tasks and responsibilities to different individuals or groups, typically to increase efficiency and productivity.

Status Inconsistency

Occurs when an individual's social positions have both high and low ranks, leading to a disparity in their expected social status.

Role Conflict

The stress or strain experienced by an individual when confronted with incompatible demands, obligations, or expectations across different social statuses or roles.

Ascribed Status

A status determined at birth.