The greatly magnified role and influence of the huge transnational corporations, especially the military– industrial complex that drives both the economics and foreign policy of the US remains untouched in the “New Washington Consensus”.
Author
Anuradha Chenoy, Adjunct Professor, Jindal School of International Affairs, O.P. Jindal Global University, Sonipat, Haryana, India.
Summary
The “New Washington Consensus” is not really new as the greatly magnified role and influence of the huge transnational corporations, especially the military–industrial complex that drives both the economics and foreign policy of the United States, remains untouched.
Further, there is no consensus on its anti-China thrust either as the majority of countries searching for strategic autonomy, including many of the US’s own allies, would not risk breaking economic relations with China.
Published in: Economic & Political Weekly
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