1. Washington Consensus

2. Basic Definition
The Washington Consensus is a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions such as the International Monetary Fund (IMF), World Bank, and the US Treasury Department.

3. Williamson’s 10 points Fiscal discipline
A redirection of public expenditure priorities toward fields offering both high economic returns and the potential to improve income distribution, such as primary health care, primary education, and infrastructure
Tax reform (to lower marginal rates and broaden the tax base)
Interest rate liberalization
A competitive exchange rate
Trade liberalization
Liberalization of inflows of foreign direct investment
Privatization
Deregulation (to abolish barriers to entry and exit)
Secure property rights

4. Does it work???
On inspection, there appears nothing wrong with these wonderful tenets.However, this is just on the surface, but if you take a peek under the hood and ask questions and investigate - you will realize that it very much depends on how these tenets are interpreted and applied. These so-called tenets were incorporated very quickly - much to the glee of the US Treasury and without any voting or "consensus" at all - into other US economic agency tentacles such as the WTO, IMF and World Bank. And these tenets were not just simple mission statements - suddenly they had become the rules. Read more: 

5. Williamson Defends against Neo-Liberals
It is often used interchangeably with the phrase “neoliberal policies.”
Williamson’s response “I of course never intended my term to imply policies like capital account liberalization...monetarism, supply-side economics, or a minimal state (getting the state out of welfare provision and income redistribution)”

6. Three Issues Not an ideology, need also to avoid crises
Incomplete or Neglected: Need to fully address things continuously first and second generation
Too narrow – need to concentrate more on poverty reduction and distribution & less on just higher GDP

8. Consensus 2.0???
Dani Rodrik argues that there now exists an “Augmented” Washington Consensus, which in addition to the items listed above, adds:
Corporate governance
Anti-corruption
Flexible labor markets
WTO agreements
Financial codes and standards
“Prudent” capital-account opening
Non-intermediate exchange rate regimes
Independent central banks/inflation targeting
Social safety nets
Targeted poverty reduction

9. Leftist Critique in Kerala State of India

11.
"The Comic Strip of Neoliberalism" is a series of informational comics which you can read by clicking here

12. Little broader review of Washington Consensus
Op-Ed: The Washington Consensus: Sharks Feasting
By Bill Jencks     Feb 5, 2009 in World
Read more: 

13. Very Good overview in 12 minutes

14. 20 minutes – Pretty good but no Images
INS 200 The Washington Consensus
20 minutes – Pretty good but no Images

15. Good Audio Review of Washington Consensus but quite long