A Development Consensus reconciling the Beijing Model and Washington Consensus: Views and Agenda

摘要: Reconciling the two dominant development models of Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in literature. The is even more demanding when emerging paradigms like Liberal Institutional Pluralism (LIP) New Structural Economics (NSE) schools have to be integrated. While latter has recognized both State market failures but failed provide unified theory, former left challenging concern how institutional diversity matter process. We synthesize perspectives from over 150 recently published papers on Sino-African relations order present relevance WC BM long-term short-run respectively. paper provides theory by reconciling complement NSE, it at same time presents case for economic rights political as long-run priorities By with BM, study contributes macroeconomic NSE literature unifying LIP preferences stages development. Hence, proposed reconciliation takes into account structural realities nations difference process