ELI5: Explain Like I'm 5

Beijing Consensus

The Beijing consensus is an idea about how governments can help their countries grow and become successful. It suggests that governments should focus on building up their countries’ infrastructure (roads, utilities, technology, etc.), providing access to education, and encouraging businesses to invest by offering tax cuts and other incentives. Governments should also focus on reducing poverty and inequality in their countries, while still being open and welcoming to foreign investment and ideas. This helps countries develop and grow, while also promoting international cooperation and development.