Red de Desarrollo Social de América Latina y el Caribe
Plataforma virtual para la difusión de conocimiento sobre desarrollo social

Austerity: The New Normal. A Renewed Washington Consensus 2010-24

 

Autor institucional : Initiative for Policy Dialogue - Confederation of Trade Unions (ITUC) – Public Services International (PSI) – European Network on Debt and Development (EURODAD) - The Bretton Woods Project
Autor/Autores: Isabel Ortiz y Matthew Cummins
Fecha de publicación: Octubre 2019
Alcance geográfico: Mundial
Publicado en: Internacional
Descargar: Descargar PDF
Resumen: This working paper: (i) examines historical and rojected government expenditure trends for 189 countries; (ii) reviews the latest IMF country reports for countries to identify the main channels used by governments to adjust expenditures; (iii) discusses the negative social impacts of austerity measures; (iv) presents the renewed Washington Consensus advised to governments that are left with limited budgets—and the alternative UN Consensus on Development for All; and (v) calls for urgent action by governments to identify fiscal space to accelerate development, human rights, a green recovery with jobs and inclusive growth, and progress towards the Sustainable Development Goals (SDGs).
   

 

 

© ReDeSoc - Red de Desarrollo Social de América Latina y El Caribe.
redesoc@un.org
CEPAL - Naciones Unidas
Dirección: Avda. Dag Hammarsjold 3477 Vitacura, Santiago, Chile