DOAJ Open Access 2023

The Washington Consensus as a prescription for Arab oil-exporting countries: A critical evaluation

Imad A. Moosa Ibrahim N. Khatatbeh

Abstrak

Arab oil exporting countries have been advised by the IMF to diversify their economies away from oil and that the way to do that is to adopt the ten principles of the Washington Consensus, which call for liberalization, deregulation and privatization. It is not clear how measures like these are conducive to economic diversification, but the message is obvious—that diversification cannot be done without giving the private sector the driving seat and without the participation of multinationals through foreign direct investment. This paper presents a critical evaluation of the advice given by the IMF to Arab oil exporting countries and conveys a simple message to policy-makers in those countries: that they should handle with care the advice received from the IMF.

Topik & Kata Kunci

Cities. Urban geography Urbanization. City and country

Penulis (2)

Imad A. Moosa

Ibrahim N. Khatatbeh

Format Sitasi

APA MLA BibTeX

Moosa, I.A., Khatatbeh, I.N. (2023). The Washington Consensus as a prescription for Arab oil-exporting countries: A critical evaluation. https://doi.org/10.1016/j.resglo.2023.100175

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Informasi Jurnal

Tahun Terbit: 2023
Sumber Database: DOAJ
DOI: 10.1016/j.resglo.2023.100175
Akses: Open Access ✓