The expression Washington Consensus, coined in 1989 by the English economist John Williamson, is usually indicated by a set of 10 economic policy prescriptions that constitute the "standard" reform package promoted by the International Monetary Fund (IMF), World Bank, and the US Treasury Department, all based in Washington D.C., for solving the economic crisis of developing countries. The paper, after describing the main characteristics of the Washignton Consensus economy model in the perspective of the international economic law, intends to underline the deep influence of this economic ‘recipe’ on the Maastricht Treaty and on the construction of the European Monetary Union (EMU). In spite of the failure of this model, as showed by the current economic and financial crisis started in 2008, the European Institutions and the EU Member states still do not seem ready to change the primary rules of the EU treaties devoted to the economic and monetary policy, with the real risk of increasing the disaffection of European citizens towards the European Union.
|Titolo:||The Constitutionalization of the Washington Consensus in the European Union : giving up the social market economy|
PERONI, GIULIO (Primo)
|Settore Scientifico Disciplinare:||Settore IUS/13 - Diritto Internazionale|
Settore IUS/14 - Diritto dell'Unione Europea
|Data di pubblicazione:||2017|
|Tipologia:||Book Part (author)|
|Appare nelle tipologie:||03 - Contributo in volume|