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Structural adjustment |
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Structural adjustmentThe reallocation of resources (labor and capital) among sectors of the economy in response to changing economic circumstances, including trading conditions, or changes in policy.Similar MatchesFull structuralFull structuralAn extensive property survey. Structural Impediments InitiativeStructural Impediments InitiativeA 1990 agreement between the United States and Japan to reduce their bilateral trade imbalance. Among other commitments, the U.S. promised to reduce its budget deficit and encourage saving, while Japan promised to increase spending and facilitate entry of new businesses. Structural adjustment programStructural adjustment programThe list of budgetary and policy changes required by the IMF and World Bank in order for a developing country to qualify for a loan. This "conditionality" typically includes reducing barriers to trade and capital flows, tax increases, and cuts in government spending. |
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