Publication

For the best part of 15 years in the 1980s and first half of the 1990s a single recipe dominated the development agenda—comprising deregulation, privatization, monetary stabilization, and full integration of the national economy into the international economy. It was known as the Washington Consensus, or the “finance ministry” agenda. In the second half of the 1990s it has come under mounting challenge, mainly from what could be called the “civil society” agenda advanced particularly by coalitions of non-governmental organizations. Having the finance ministry agenda put under challenge represents an improvement over the earlier situation where it reigned largely unchecked by actors with real institutional power. But the civil society agenda has its own weaknesses. And more importantly, the two together preempt attention to a set of issues that should be central, a “third way” industrial policy agenda. In this third way agenda, immigration policy is the new frontier of industrial policy.