Structural Adjustment
Bibliographic Data
| ID | 7078664 |
|---|---|
| Authors | Johanna Bockman (George Mason University, corresponding author) |
| Year | 2016 |
| Pages | 1-4 |
| Publication date | 2016-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | OTHER |
| Venue | The Blackwell Encyclopedia of Sociology (JOURNAL) |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/9781405165518.wbeos0830 |
| OpenAlex | W4238545869 |
| ISBN | 9781405165518 |
| Language | EN |
| References cited | 9 |
Structural adjustment policies and programs are economic reforms that the International Monetary Fund and the World Bank require highly indebted countries to implement as a precondition for further loans. In 1980, in response to the emerging worldwide debt crisis, the World Bank extended its first structural adjustment loans, specifically to Bolivia, Kenya, Philippines, Senegal, and Turkey, which the International Monetary Fund supported through its own related loan programs. Sociologists, activists, politicians, and protestors worldwide have criticized structural adjustment for undermining democracy and for its social, political, and economic costs. Many sociologists view the profound restructuring of economies caused by these policies as a key building block of neoliberal globalization
Debt · Debt crisis · Democracy · Development economics · Economic policy · Economics · Financial system · Globalization · Loan · Market economy · Political science · Politics · Restructuring · Structural adjustment · Global Development and Urbanization · Global Economic and Social Development · Political and Economic history of UK and US · Finance
| Citation velocity | historical |
|---|---|
| Highly cited | No |