Martin Khor Structural Adjustment Explained

Structural adjustment is the term used by the IMF to describe the loan conditions it imposes on indebted countries. These conditions include not only trade liberalization, but also deregulation of industry and privatization of state-owned industries and services. Such conditions prevent governments from managing basic services such as health, education or water. Dr Khor argues that governments should be able to manage these basic services if they so choose. They should also be able to control key aspects of their own trade policy. Governments must be entitled to protect the livelihoods of small producers and manufacturers by placing tariffs on unfairly subsidized imports -- many of which come from Europe or America. Failure to do so generates poverty and joblessness, and further exacerbates the "de-industrialization" already underway in much of the developing world.

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• politics
• economy
• economics

[debeastdueeast]

Thanks Juretha!!!!