1. Structural adjustmen programs
Along with formal economic steps, neoliberal policy also brought about socio-cultural changes of a more diffuse, but equally important character: • Reevaluation of capitalist profit making as desirable and congruent with national interests • Concomitant devaluation of organized labour and protected industry as "rental havens" inimical to economic efficiency • Support of foreign investment as necessary for sustained growth renewed faith in the market, via trickle down effects, for the reduction of social enequality • Reorientation of the sources of national pride awa...
- Word Count: 1434
- Approx Pages: 6
- Grade Level: Graduate