What has the IMF "prescribed" for the last two decades as "medicine" to third world issues?
A) monetary austerity, privatization, financial fiscal austerity
B) free trade, fiscal austerity, monetary austerity, EPZs
C) privatization, structural adjustment policies, EPZs, decrease commodity prices
D) structural adjustment policies, including trade and financial liberalization

Question

Quizplus · Accepted Answer

The IMF has prescribed structural adjustment policies, including trade and financial liberalization, as the medicine for third world issues for the past two decades. This has involved imposing conditions on countries in exchange for loans, including opening up their economies to free trade, reducing government spending, privatizing state-owned enterprises, and liberalizing their financial sectors.

What Has the IMF "Prescribed" for the Last Two Decades