Recommendations to the New Washington Consensus

    Important elements to be included in a pro-development post-Washington Consensus Consensus are the promotion of effective state institutions and more openness to alternative options by the international institutions in eradicating poverty, unemployment and development. However, there are barriers that we should still look out for, such as the undemocratic procedure and the lack of transparency in the global institutions. There are certainly other factors that must be taken into account; Political relationships between powerful nations can distort the process of development. By establishing a mutual goal by both institutions, the path to development and growth can be well established.