What effect did structural adjustment programs (SAPs)have on developing countries?
A) They closed the economy to foreign investment.
B) They promoted the growth of a middle class.
C) They protected domestic business.
D) They ended tariffs that protected local industries.

Question

Quizplus · Accepted Answer

Structural adjustment programs (SAPs) were aimed at increasing economic growth and reducing government spending in developing countries. One common component of SAPs was the elimination of tariffs and other trade barriers that had protected local industries. This often resulted in increased competition from foreign companies and a decline in the competitiveness of domestic businesses. Therefore, choice D, which says that SAPs ended tariffs that protected local industries, is the best choice.

What Effect Did Structural Adjustment Programs (SAPs)have on Developing Countries