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Learning the Right Lessons from US Economic Experimentation

In one policy area after another – from trade to taxation to labor markets – the decades-old consensus in the United States has been replaced with something very different. But policymakers elsewhere would be wise to consider their own countries’ circumstances carefully before following America’s lead.

CAMBRIDGE – The economic-policy conversation in the United States has been thoroughly transformed within the space of just a few years. Neoliberalism, the Washington Consensus, market fundamentalism – call it whatever you want – has been replaced with something very different.

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