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)
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
notable
7 years, 3 months ago