Three decades ago, the British economist John Williamson coined the phrase “Washington consensus” to describe a collection of free-market, pro-globalisation ideas that American leaders (among others) were promoting around the world.
Now, however, a new tag is in the air: the “Cornwall consensus”.
Don’t laugh. That is really the title of an advisory memo circulated ahead of the G7 leaders meeting in Cornwall on Friday. Written by a committee of academics and policymakers from each of the seven countries, it sets out an “ambitious agenda to build forward better from the pandemic”.
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