After over a decade as the ruling conventional wisdom under the rubric of the so-called Washington Consensus, the prospect of reconstruction and development through fiscal austerity, privatization and liberalization of markets is under considerable attack today from many quarters. One common theme of these challenges-to what has been received wisdom-focuses not on the technical characteristics of development, but rather its connection to political development.
Antonio F. Perez, Legal Frameworks for Economic Transition in Iraq – Occupation under the Law of War vs. Global Governance under the Law of Peace, 18 TRANSNAT’L LAW. 53 (2005).