Washington Consensus vs the Santiago Consensus

1.How does the Washington Consensus differ from the Santiago Consensus?

2.What economic benefits might a developing country gain by reducing corruption? Discuss only economic benefits and provide examples from specific developing countries.

  1. What economic variables would you need to consider in order to distinguish between a developing country with a short-term balance of payments problem and one in a debt crisis? Explain what data you would need to look at and why.
  2. Explain the motives of developed countries in providing foreign aid.
  3. Compare and contrast the workings of the organized and unorganized money markets in developing countries.
  4. What are some of the major characteristics of financial repression? To what degree may financial liberalization be expected to address the issue of inadequate saving?
  5. Describe the costs and benefits of privatization of state-owned enterprises. In which cases would privatization seem most advisable?