A more recent development strategy is called structural adjustment. What does structural adjustment refer to?
A)To efforts to strengthen the financial basis of a country's economy
B)To the economic structuralists' attempts to break from dependency
C)To a state's socialist approach to economic development
D)To a greater focus on food, shelter, and health care

Question

Quizplus · Accepted Answer

Structural adjustment refers to efforts to strengthen the financial basis of a country's economy, often through policies recommended by international financial institutions like the IMF and World Bank, which include reducing government spending, liberalizing trade, and privatizing state-owned enterprises.

A More Recent Development Strategy Is Called Structural Adjustment