How do structural adjustments impact countries' economies? 🔊
Structural adjustments impact a country's economy by implementing policies aimed at ensuring macroeconomic stability and promoting growth. These adjustments typically involve austerity measures, fiscal reforms, and deregulation, often guided by international organizations like the IMF or World Bank. While intended to stabilize economies, these measures can lead to short-term hardship, including reduced public spending and increased unemployment. Consequently, the implications of structural adjustments can vary significantly across different sectors, highlighting the need for careful consideration of social welfare alongside economic objectives.


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