Welcome in fittingly the World Bank and IMF annual meetings with a discussion of the newest book by American University professor Robin Broad and Institute for Policy Studies Director John Cavanagh. Entitled Development Redefined: How the Market Met its Match, the book chronicles the rise and fall of the market-worshipping Washington Consensus, and lays out people-based alternatives to corporate-led globalization. Broad and Cavanagh have written award-winning books on globalization and development, as well as a series of articles on the development debate in Foreign Policy and World Policy Journal. IPS is co-sponsoring this event with ActionAid USA, the AFL-CIO, the Alliance for Responsible Trade, Bank Information Center, Center for Economic and Policy Research, Center of Concern, the 50 Years is Enough Network, Friends of the Earth US, the Heinrich Boell Foundation, International Labor Rights Fund, International Trade Union Congress, Jubilee USA, the Maryknoll Office for Global Concerns, the New Rules for Global Finance, and Oil Change International.