Washington Consensus Essay

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The Washington Consensus is more favorable to MNEs because the United States is a country of democracy, political freedom, and the rule of law. It reduces the barrier to trade as well as advocates free-trade for MNEs. It promotes competition between MNEs in order to encourage MNEs to become more innovated. In addition, the U.S. is followed by the rule of law which means everyone have to obey the law. It prevents MNEs from criminal risks and protects the profits of the
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