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a term for the loans provided by the IMF and the World Bank to countries that experienced economic crises, which come with strings attached: privatisation and deregulation, mainly (the conditions are also known as the Washington Consensus)

Highlighted phrases

structural adjustment programs
structural adjustments
structural adjustment



The result of such 'structural adjustments' was the integration of local agriculture into the global economy: while crops were exported, farmers thrown off their land were pushed into slums, available as a workforce for outsourced sweatshops.

—p.44 The Political Economy of Refugees (43) by Slavoj Žižek
notable
3 years, 4 months ago


EU policy in the European periphery as little more than a localized set of structural adjustment policies

—p.163 The Intellectual History of a Dangerous Idea, 1942-2012 (132) by Mark Blyth
notable
3 years, 2 months ago


By the mid 1990s, with the collapse of the USSR, neoliberalism’s extension via IMF structural adjustment policies, its consolidation in the UK’s New Labour and Clinton’s US administration, and its ubiquity in the academic field of economics, neoliberalism had reached its hegemonic peak.

—p.62 Why Are They Winning? The Making of Neoliberal Hegemony (51) by Alex Williams, Nick Srnicek
notable
3 years, 6 months ago


Though never absent from the Bank's vocabulary, management started its ascent in the late 1970s, when the debt question became central, and was subsequently associated with the drastic 'structural adjustment' policies of the neo-liberal offensive.

caption for Figure 2

—p.80 Bankspeak (75) by Dominique Pestre, Franco Moretti
notable
3 years, 7 months ago


imposing 'structural adjustment' agreements: drastic cuts to public-sector spending and the sell-off of public-sector assets to fund debt-servicing

—p.282 A socialist computer: Chile, 1970-1973 (280) by Bob Hughes
notable
3 years, 5 months ago


we can see how this “structural adjustment” of public finances has played out rather badly in most places where the Washington Consensus was implemented, not least in Washington itself

—p.28 Chapter 1: Once in a Lifetime (7) by Richard Dienst
notable
3 years, 6 months ago


Leveraging debt, they imposed 'structural adjustment programs' that reversed all the economic reforms that global South countries had painstakingly enacted.

—p.22 One (7) by Jason Hickel
notable
3 years, 3 months ago


IMF 'structural adjustment programs', which mandated austerity in order to pay back the banks, thereafter proliferated around the world.

—p.19 The Disruption (1) by David Harvey
notable
3 years, 5 months ago


Similar policies were also implemented in the Global South throughout years of neoliberal structural adjustment.

—p.22 With Strings Attached (21) missing author
notable
3 years, 5 months ago


The International Monetary Fund and World Bank can force "structural adjustment programs" on so-called developing nations in return for loans precisely because these countries have been exploited for so long.

—p.136 by CrimethInc.
notable
3 years, 6 months ago