Structural Adjustment

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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 classic literature ?
Some day the study of metabolism may progress so far as to enable us to accept structural changes proceeding from an intellectual or moral base.
I am pleased we appear to be moving in the direction of separating interest rate risk and credit risk and that structural change alone is sufficient for me to believe an additional comment period would be appropriate," he added.
In economic development, structural change is commonly understood as the different arrangements of productive activity in the economy and different distributions of productive factors among various sectors (Memedovic, Iapadre 2010; Dudzeviciute 2013; Vosylius et al.
Specifically, we test the relationship between the housing bubble and (1) monetary policy, (2) the global saving glut, and (3) structural change.
Under section 13(1)(b) of the West Bengal Premises Tenancy Act, 1956, if any structural change is made in the premises without the consent of the landlord and the municipal authorities which had approved the original plan of the bulilding, it would be a ground for evicting the tenant.
In the WIDER working paper 'Aid, Structural Change, and the Private Sector in Africa', John Page argues that foreign aid has been partly responsible for this lack of structural change.
Sobhan (chairman of the Centre for Policy Dialogue, Bangladesh) discusses the prevailing approach to poverty alleviation strategies; addresses the promotion of structural change in the areas of agrarian reform, enhancing the market power of the excluded, and democratizing educational opportunities; discusses policy and institutional interventions for promoting structural change in relation to budgetary policy, financial policy, broadening ownership of assets through collective action, and institutions for promoting collective action; and explores the political economy of structural change.
SPONTANEOUS ORDER AND STRUCTURAL CHANGE IN SALEM, ALABAMA (1907-1939).
In order to focus on issues involving structural change, we start by using the same data analyzed by Rapach: annual real GDP from 1956 to 1996 for 13 countries, annual real GDP per capita from 1950 to 1992 for 21 countries, and annual real GDP per capita from 1900 to 1987 for 15 countries.
To make the case for structural change rather than misspecification, we augment the results of standard statistical tests with evidence that the properties of the equation are consistent with accepted economic theory and that observed shifts are consistent with the specific hypotheses regarding change.
That neck could cause a 5- to 10-nanometer displacement when snapping backward in the large structural change that researchers think is at the heart of the mysterious power stroke.
The analysis of Estonia is placed within a broader context and among a wider set of nations and thus aims at understanding the potential for growth and structural change in the eastern part of the enlarged EU.

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