On the other hand, some critics fault the Washington Consensus for paying insufficient attention to the role in economic growth of a much broader range of institutional factors than property rights alone – standardized accounting conventions, political accountability, control of corruption, bankruptcy laws, and capable and transparent regulatory agencies, for example.9 Moreover, the Washington Consensus provided little specific advice on how to create and sustain a strong institutional framework, nor did it touch on a variety of institutional arrangements – central bank independence being one familiar example – that have been shown to promote economic stability and growth.10 Amending the Washington Consensus Overall, some key elements of the Washington Consensus appear well supported both by basic economic logic and by their successful application by a number of countries.
Currently, technology is intertwined with our everyday lives. It is  re-defining  business  interconnectedness  processes,  between  promoting  countries  and  greater peoples,  enhancing skill development and innovation, and more broadly, breaking down perceived barriers in every sector. In the banking sector, for instance, technology has taken a center stage in the financial intermediation process.