Comparison on Washington Consensus and Beijing Consensus

Comparison on Washington Consensus and Beijing Consensus
Outline
Introduction:
ž What is Washington Consensus?
Washington Consensus describes a set of ten specific economic policy prescriptions that considered should constitute the “standard” reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund, World Bank, and the US Treasury Department.
ž What is Beijing Consensus?
Beijing Consensus represents an alternative economic development model to the Washington Consensus, which was a United States-led plan for reforming and developing the economics of small, third-world countries.
ž There are some differences between Washington Consensus and Beijing Consensus.
Body:
ž First, their theoretical basis is different.
The theoretical basis of Washington Consensus was based on the Greek philosophy and modern scientific methods.
The theoretical basis of Beijing Consensus was based on philosophy and traditions of Chinese culture.
ž Second, their targeted countries are dissimilar.
Washington Consensus aims at developed countries like US and some countries in Eastern Europe.
Beijing Consensus is for developing countries.
ž Last, their main contents are diverse.
Washington Consensus emphasized that any economic activities needed liberal.
Beijing Consensus laid stress on how economic reform made countries well-developed.
Conclusion:
Both of two consensuses have their own characteristics. Different countries have different situations, so choose the one that is suitable.

Compare

one is on the tree, while the other is on the table.

one physically exsiting, while the other is an imagination .

one is from 7 to 8 and from 4 to 5, while the other is from 7 to 9 and 3 to 4 .

one has an angle of 130 degrees, while the other has an angle of 90 degrees.

one has a garden as its background, while the other has a table as its background