SWP 928 Lecture 2: Week 3 Lecture 2

• School: Ryerson University
• Department: Social Work
• Course: SWP 928
• Professor: Reena Tandon

Document Summary

Structure and adjustment policies economic policies for developing countries promoted by the world bank and. International monetary fund since early 1980"s by the provision of loans conditional on the adoption of such policies. Managed balance of payments reduction of government services through public spending cuts/budget deficit cuts reducing tax on high earners reducing inflation. Business deregulation lower tariffs on imports and tighter monetary policy increased free trade. Governments are also encouraged or forced to: reduce their role in the economy by privatizing state-owned industries, including the health sector, and. Opening up their economies to foreign competition. Sap"s aim to make countries have a sustained economy, but the implications in place only make the countries poorer. Money owed: either the original sum borrowed or interest charges levied on the original sum. Debt service is the process of repaying a loan according to an agreed schedule.