Policies that require countries to privatize state-run firms,end subsidies,reduce tariff barriers,shrink the size of the state,and welcome foreign investment are sometimes known as
A) import substitution programs.
B) structural adjustment programs.
C) service-sector growth programs.
D) export industrialization programs.

Question

Quizplus · Accepted Answer

These policies are commonly associated with structural adjustment programs (SAPs), which are typically implemented by international financial institutions like the International Monetary Fund (IMF) and the World Bank in response to economic crises. The goal of SAPs is to address imbalances in a country's economy by promoting market-oriented policies that encourage private sector growth and reduce state intervention. This often involves privatization, reduction of subsidies, and trade liberalization measures.

Policies That Require Countries to Privatize State-Run Firms,end Subsidies,reduce Tariff