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Title: $The World Bank and structural adjustment: lessons from the 1980s
Abstract: For a large number of developing countries, particularly in Africa and Latin America, the 1980s are remembered not terribly fondly as the decade of debt and ‘structural adjustment’. In many of these countries, the term is closely associated with the International Monetary Fund (IMF) and the World Bank. More recently, though, during the ‘emerging markets’ boom of the mid-1990s, structural adjustment – a set of policy reforms aimed at restoring internal and external equilibria to a crisis-hit economy, whilst simultaneously seeking to increase the efficiency with which its productive resources are allocated – seemed consigned to textbooks of the economic history of the 1980s, along with the debt crisis that preceded it.