Recently, most countries in the Global South have followed an economic strategy in which they have lowered barriers to trade, known as
A) import substitution.
B) structural adjustment.
C) dependency.
D) socialism.
E) democratic evolution.

Question

Quizplus · Accepted Answer

Structural adjustment programs are often associated with the lowering of trade barriers and the implementation of economic policies aimed at stabilizing and restructuring economies to be more market-oriented. These programs are typically recommended or required by international financial institutions as conditions for loans or aid.

Recently, Most Countries in the Global South Have Followed an Economic