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