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social science subjects > economics > applied economics > development economics > structural adjustment
... > social science subjects > economics > applied economics > economic geography > development economics > structural adjustment
... > social science subjects > geography > human geography > economic geography > development economics > structural adjustment
... > social science subjects > economics > economic concepts > political economy > economic geography > development economics > structural adjustment
... > social science subjects > politics and international relations > political science > political economy > economic geography > development economics > structural adjustment

Preferred term

structural adjustment  

Definition

  • During the 1970s and 1980s, many poorer non-petroleum-producing countries took out loans to help them pay their hard currency bills for imported goods (including oil) and services. With lower-than-expected economic growth rates in the debtor countries and rising interest rates, the amount of debt and debt service payments (interest on the loans and fees) grew rapidly. [Source: Encyclopedia of Human Geography; Structural Adjustment]

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https://concepts.sagepub.com/social-science/concept/structural_adjustment

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