Regulation of the economy is back in vogue

The global economy rules igry17-03-2009 regulation of the economy is back in vogue The current crisis has shaken confidence in the foundations of a market economy. And above all - the thesis of non-interference in the economy. The main anti-crisis measures in all countries require active government involvement in the management of the market. How, then, becomes a regulated market? The fact that the market economy without government interference turned out to be false, recently spoke with increasing frequency. At this time the idea sounded British Prime Minister Gordon Brown. In an interview with The Guardian Gordon Barun said: dominate the world for over 40 years of faith in the ability of markets to self-regulation, known as the Washington Consensus and the policy of non-interference in the economy have outlived themselves. He also urged the international community to determine its economic targets and objectives, recognizing this fact. The term "Washington Consensus" was introduced into circulation the American economist John Williamson in 1989. This macro-economic theory suggests including "total privatization", maintaining a minimum budget deficits, deregulating the economy.