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Mr. Sheng said that it was difficult for China to maintain a fast growth rate because of structural adjustments and a decline in available labor, but that rising consumption, increasing urbanization and growth in less-developed regions would drive the economy.
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For countries in transition, be it from centrally planned to market economies, because of the implementation of structural adjustment policies or simply as a part of the normal process of economic development, the role of government is especially difficult.
All told, developing countries lost roughly $480 billion per year in potential GDP during the period of structural adjustment.
In the 1980s – the age of structural adjustment programmes and privatisation – foreign aid to third-world countries was conditioned on recipients' opening up their economies.
Meanwhile, real wages for the majority are stagnating, if not falling, justified by our economic leaders in Davos as the proper if sad consequence of "structural adjustment".
Land was taken by government for a coastal resort, a golf course, or under the pressure of structural adjustment plans to export more agricultural products.
How does the specific design of structural adjustment efforts affect results?
The 1980s marked a time of structural adjustment around the world.
8 Enforcement of structural adjustment policies (SAPs) does not seem, on the surface of things, to have changed much.
The phenomenon, started during colonial times, has accelerated following the adoption of structural adjustment policies imposed by international financial institutions.
Unless and until we reverse the policies of structural adjustment, trade liberalization, and conservative macroeconomic management, we will not escape the poverty trap.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com