Arguments for Post-Washington Consensus Consensus by Joseph Stiglitz Essay

Arguments for Post-Washington Consensus Consensus by Joseph Stiglitz - Essay Example s as of 1989.† (2).Such policies often include-fiscal discipline; a reorientation of public expenditure priorities toward fields offering both high economic returns and targeting evener income distribution,.e.g. primary health care, primary education, and infrastructure ;tax reform (to lower marginal rates and broaden the tax base);Interest rate liberalization ;a competitive exchange rate ;trade liberalization ;liberalization of inflows of foreign direct investment ;privatization ;deregulation (to abolish barriers to entry and exit) and secure property rights. This privatization agenda in pursuit of globalization has come under criticism as (1) says,† Some of the most vociferous of todays critics of what they call the Washington Consensus, most prominently Joe Stiglitz... do not object so much to the agenda laid out above as to the neoliberalism that they interpret the term as implying. I of course never intended my term to imply policies like capital account liberalizati on...monetarism, supply-side economics, or a minimal state (getting the state out of welfare provision and income redistribution), which I think of as the quintessentially neoliberal ideas†. In development literature it is examined and accepted that The Washington consensus emerged out of a kind of counter reaction in development economics (3) to what has been termed as rather operationally successful neoliberal revolution against Keynesianism prescriptions of the 1970s.The Washington Consensus, materialized in large and specially built Structural Adjustment Programmes (SAPs) suggested for a substantial portion of the developing countries in the ensuing years of 1980s and 1990s.It was the outcomes of these SAPs that were not along expected lines and which resulted in external criticism of The Washington Consensus itself. Joseph Stiglitz a World Bank Economist was the most prominent insider to offer criticism of the neoliberalism inherent in The Washington Consensus and the bod y of

Contemporary Marketing Essay Example | Topics and Well Written Essays - 3000 words

Contemporary Marketing - Essay Example The company was formed in 1998, by two Stanford University students Larry Page and Sergey Brin (Hamen, 2011). The company has grown extensively over the years and has in many ways surpassed the basic objective of accumulating all information and providing easier accessibility across the globe. As explained in the website, â€Å"From offering search in a single language we now offer dozens of products and services—including various forms of advertising and web applications for all kinds of tasks—in scores of languages. And starting from two computer science students in a university dorm room, we now have thousands of employees and offices around the world† (Google, 2011). The company now has a wide range of products and services and several different options which help make it easier for the world to share the information. For instance the company has developed several applications like Gmail, Google Calendar, Google Docs and many others which help in better acces sibility to data and information. The further sections will deal with the impact of technology on several aspects of marketing of Google (Hamen, 2011). Marketing communication is a major part of every business and in some ways can be considered to be a subset of marketing itself. The marketing of a company is based on the marketing mix (4 Ps in the case of products and 7 Ps in the case of services), and marketing communication is a means of promoting the marketing mix of a company. Technology and marketing go hand in hand and with the ever changing technology, the options for marketing communication have also increased to a great extent (Jobber, 2009). Marketing communication within a company needs to be integrated as it helps keep the customers aware of the brand name and image. Advancing technology is definitely not a trend and this has a number of