Martin Khor: Structural Adjustment Explained
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Structural adjustment is the term used by the IMF to describe the loan conditions it imposes on indebted countries. These conditions include not only trade liberalization, but also deregulation of industry and privatization of state-owned industries and services. Such conditions prevent governments from managing basic services such as health, education or water. Dr Khor argues that governments should be able to manage these basic services if they so choose. They should also be able to control key aspects of their own trade policy. Governments must be entitled to protect the livelihoods of small producers and manufacturers by placing tariffs on unfairly subsidized imports – many of which come from Europe or America. Failure to do so generates poverty and joblessness, and further exacerbates the “de-industrialization” already underway in much of the developing world.
- Structural Adjustment Explained2
- Running time
- 5m 35s
- London, UK, July 15, 2005
- Marcus Morrell
- About Martin Khor
- Director, Third World Network3
Martin Khor is the Director of the Third World Network (TWN) and editor of its monthly publication Third World Resurgence. He has led TWN since its inception in 1984, advocating on behalf of citizen groups throughout the developing world on a wide number of development issues. These include environmental sustainability, the protection of human rights and the impact of corporate-led globalization. A former economist and university lecturer, he is also an advisor and consultant to a number of United Nations agencies and other important international bodies. Dr Khor is author of several books on WTO reform, international trade and the global economy.
- Martin Khor: Debt in the Developing World—Part One4
- Martin Khor: Debt in the Developing World—Part Two5
- Structural Adjustment—a Major Cause of Poverty6
- Causes of the Debt Crisis7
- More by Martin Khor, from Big Picture TV8
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Third World Debt Undermines Development
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Causes of Poverty
Poverty is the state for the majority of the world’s people and nations. Why is this? Is it enough to blame poor people for their own predicament? Have they been lazy, made poor decisions, and been solely responsible for their plight? What about their governments? Have they pursued policies that actually harm successful development? Such causes of poverty and inequality are no doubt real. But deeper and more global causes of poverty are often less discussed.
Read “Causes of Poverty” to learn more.
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