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Anti-Neoliberalism as if the Poor Mattered

The decline of the Washington Consensus and the unexpected resurgence of industrial policy have taken place without considering the perspective of low- and middle-income countries. To ensure a just climate transition, we must remember that the world’s poorest economies benefited enormously from globalization.

PROVIDENCE – As neoliberalism swiftly gives way to a resurgence of industrial policy in advanced economies, the perspective of low-income countries is being ignored. As in neoliberalism’s heyday, a subtle form of intellectual imperialism is skewing the global economic debate toward the interests of major powers.