Provides a comprehensive analysis of why reforms in Latin America have failed in achieving growth and equity. The book focuses on three strategic areas of reforms of the Washington Consensus: Macroeconomics, Trade and Finance. Identifies main analytical inconsistencies in the market fundamentalism that has dominated present reforms. In a firmly based policy-oriented approach, Ffrench-Davis offers alternative policies to reform the reforms in the three areas of macroeconomics, trade and finance, seeking for sustained equitable growth.