Digital Commons Network^™

The Beijing Consensus represents a philosophical movement towards an ultra-pragmatic view of conducting policy deliberation. Contrary to models of development which provide a subset of policy prescriptions for the policymakers’ disposal or a fundamentalist adherence to a particular economic tradition, the Beijing Consensus inherently recognizes that each development scenario has a potential set of challenges that may require unique and/or experimental solutions factoring the current political, social and economic environment. This ultra-pragmatism will require the policymaker to engage in greater policy experimentation, and to have a larger risk-elasticity. Further, this philosophy is most aptly demonstrated by looking at the aggregation …