NEW GROWTH STRATEGY: POST – WASHINGTON CONSENSUS ?

The author considers the changes in the model of economic and social development, well known under the name “Washington Consensus”, as formulated by John Williamson from the Washington Institute of International Economics. Based on its ten-year application
in Latin America, but with smaller supplements, the model has been also critically valorized in post-communist, transitional economies. A group of (Latin) American economists analyzed the model application in Latin America and worked out specific suggestions for
economic policy decision makers. Mentioned suggestions supplement developmental model to such extent that it could be considered as a new model of development. The authors named such a new model of economic and social development the “Post-Washington Consensus”.
The author of this paper considers main aspects of the new model of development, as well as specific implications it could have on the Croatian model of economic and social development.The conclusion is that the existing Croatian model of development needs to
be reconceptualized on the basic statements of the “Post-Washington Consensus”.