Covid 19 and Post-Washington Consensus-Based Policy-Making and the Revival of Institutionalism; Transition from neoliberalism

Document Type : Research Paper

Authors

1 Department of Political Science, Faculty of Social Sciences, Payame Noor University, Tehran, Iran

2 Department of Political Science, Faculty of Social Sciences, Payame Noor University, Tehran, Iran.

3 Department of Management, Faculty of Management, Payame Noor University, Tehran, Iran.

4 Engineering, Faculty of Engineering, Sharif University of Technology, Tehran, Iran

Abstract

The corona virus will affect various aspects of human life in 2020. Politically, two important pillars of neoliberalism, globalization and privatization, have been challenged. So, the main question is, what effect did Corona have on neoliberalism? The privatization mainly intended to reduce public expenditures and also limit the role of central governments in internal and international economy in order to facilitate the move of goods and service throughout the world to strengthen the role and activity of international companies. Also, privatization gives priority to profitability and gaining income, instead of social morality and protectionist policies of public sector. On the other hand, privatization looks for maximizing profits and incomes when arrived in vital aspects of public life such as health, treatment, education, transportation, water supply and electricity. the privatization weakened these sectors especially health and treatment that paved the road to spread pandemic and the merchandised souls trying to increase profit who are prevented neoliberal countries to take effective steps in order to fight and control pandemic. The re-emphasis on health security in the critique of neoliberal policies and the importance of theoretical perspectives on post-Washington consensus and institutionalism as a theoretical model of research and research hypothesis were evaluated descriptively-analytically. This situation maybe suggests considerable revision in neoliberalism, return to welfare state and also more centralized governing.

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References

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Strategic Studies of public policy
Volume 11, Issue 41
March 2022
Pages 72-91

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