From the following choices, please match the Beijing Consensus or the Washington Consensus to its corresponding principle. Beijing Consensus: Economic development and international trade as the means to generate domestic growth, create wealth, and build a harmonious society OR Right-minded market reform led to economic growth, which created a middle class that supported property rights, which in turn, instituted the rule of law. Washington Consensus: Economic development and international trade as the means to generate domestic growth, create wealth, and build a harmonious society OR Right-minded market reform led to economic growth, which created a middle class that supported property rights, which in turn, instituted the rule of law
Managers wonder what a political map of the world might look like in the next decade. Will democracy regain its intellectual and practical appeal? Will totalitarianism gain more ground? Will new ideologies arise?
It is tempting to regard these questions as academic straw men, best left to the folks in ivory towers to wonder about. The latest data indicate they are anything but. As faltering political freedom and resurgent authoritarianism accelerate democracy’s retreat, countries reset marketplaces and MNEs adjust strategies.
Trends highlight the contemporary political ideologies competing for supremacy—namely, the Washington Consensus vs. the Beijing Consensus.
Understandably, each endorses different perspectives on the matters of freedom, property, ideology, and rights.
From the following choices, please match the Beijing Consensus or the Washington Consensus to its corresponding principle.
Beijing Consensus: Economic development and international trade as the means to generate domestic growth, create wealth, and build a harmonious society OR Right-minded market reform led to
Washington Consensus: Economic development and international trade as the means to generate domestic growth, create wealth, and build a harmonious society OR Right-minded market reform led to economic growth, which created a middle class that supported property rights, which in turn, instituted the rule of law.
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