Challenging the Washington Consensus

The value added in the Asia-Europe meeting can come not just from cooperation between the two regions, but also from their jointly questioning the "Washington consensus" in these matters. (By the Washington consensus I mean a combination of America's Treasury and the conventional wisdom of the Washington policy establishment, rather than the early 1990s development agenda). It may be difficult to agree on joint views, but I do not think we shall see significant movement in well-entrenched pos