Three Economic Development consensus

This article highlights the three different approaches to Economic Development. One is the free market development model followed by Washington also called as Washington consensus. Second one called as Beijing consensus which is followed by China. This type of development is backed by export-powered growth. A possible third one is Mumbai consensus which is followed in India wherein the economic development is "people-centric" and driven by growth in consumption. This is interesting as it gives a different perspective on economic development in these times.