Albala-Bertrand, J. M. - In: International Review of Applied Economics 13 (1999) 2, pp. 161-191
There appears to be two main market-oriented policy-models of development: the Japanese Model (JM) and theWashington Consensus Model (WCM). Both stress the importance of, and are based on, macroeconomic stability, export-led development, and private sector initiative. There are, however,...