Structural Adjustment

(redirected from Structural Adjustment Policies)

Structural Adjustment

A government program in a developing country making changes to economic or monetary policies in order to better facilitate growth. For example, a structural adjustment loan may include a stipulation that the borrowing country relax any protectionist subsidies or impose higher taxes to balance the budget. Structural adjustments are necessary in some cases before the IMF or the World Bank will make loans to finance further development. See also: Structural Adjustment Facility.
References in periodicals archive ?
Furthermore, the sample and the time interval considered allow us to estimate the effects without considering particular situations and to reflect on the general implications of structural adjustment policies.
The left was on the defensive due to the collapse of socialism in the Soviet Bloc, and in many countries it was the historically labour-based populist parties who took the lead in imposing structural adjustment policies.
They bring approaches from development economics and feminist theory into this relatively new field as they examine the results of structural adjustment policies such as macroeconomic aggregates.
There's no question that the structural adjustment policies of the 1980s and early 1990s received a lot of criticism.
For example the 2006 report on development effectiveness showed that structural adjustment policies, including trade liberalization, have often worsened inequality and hindered distribution.
Bacon also explores the history of explicitly racist laws like the Chinese Exclusion Art and structural adjustment policies that forced Latin American and Caribbean countries to cut wages and services.
The structural adjustment policies, lending for privatisation exercises, free capital movement and the industrialisation of agriculture, has perpetuated structural inequality under the guise of the Green Revolution.
Structural adjustment policies (SAPs) have been implemented throughout most of the Third World.
Invariably, among the conditions imposed by the lenders were structural adjustment policies.
This time, the colonialism takes the shape of structural adjustment policies, International Monetary Fund loans with exorbitant rates and heinous conditions, and debts that cannot, and should not, ever be paid.
These include the structural adjustment policies (among them, privatization, deregulation, removal of currency controls) of the International Monetary Fund (IMF) and World Bank; multinational corporate extraction of resource wealth; unfair trade rules that leave poor countries unable to defend their national productive base.
Still, structural adjustment policies can come as a bitter pill to swallow for some sectors of the economy, such as doctors who are currently on strike for higher pay.

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