The means adopted by the West for achieving this in the 1980s was to develop a new breed of policy-based loans, "structural adjustment lending" as it came to be known, which involved a high degree of conditionality. 2.Structural Adjustment is the generic term used to describe a package of measures which the IMF, the World Bank and individual Western aid donors persuaded many developing countries to adopt during the 1980s, in return for a new wave of loans. ... Along with formal economic steps, neoliberal policy also brought about socio-cultural changes of a more diffuse, but equally important...

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• Approx Pages: 6
• Grade Level: Graduate