What Is the Washington Consensus

question 54

Multiple Choice

What is the Washington Consensus?

• A)A document that outlines how to keep the United States the dominant world power.
• B)A set of policies advocated by developed countries that are intended to help less developed countries grow their economies.
• C)A policy by the United States that allows for infant industry protection by emerging economies.
• D)An international movement to encourage democratization in less developed countries, as democracy is a fundamental stepping stone to development.
• E)An international agreement by developed countries not to import goods from countries that have poor working conditions.

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Definitions:

Internal States

Mental or physiological conditions that arise within an individual, such as emotions, thoughts, hunger, or fatigue.

Socializing Role

The influence that social entities (e.g., families, schools, peer groups) have in imparting norms, values, and behaviors to individuals, contributing to social development and integration.

Industrialized Societies

Societies characterized by a high level of industrialization, where manufacturing, services, and technology play a key role in the economy.