Exploring Structural Adjustment Policies and Their Impact
The Sociology Guy
Structural Adjustment Programmes, or SAPs, are policy packages often linked to the IMF and World Bank, especially during debt crises in poorer countries. They are associated with neo-liberalism, because they usually encourage market-led reforms such as privatisation, trade liberalisation, currency devaluation, reduced state spending, lower subsidies and opening economies to foreign investment. Supporters argue that […]