Ask Question
BusinessBusiness
30 July, 14:39

What development strategy/policy favored by the IMF, World Bank, and the US compels developing nations to reform their economies along neoliberal lines in order to compete in the global market?

+4
Answers (1)
  1. 30 July, 16:22
    0
    Structural adjustment based on the Washington Consensus

    Explanation:

    When the IMF or the World Bank makes a loan to a developing nation that is in financial problems, the demand the country to start a policy of structural adjustment based on the economic principles known collectively as the Washington Consensus.

    Some of the demands of the Washington Consesus are:

    Fiscal discipline, reducing budget deficits. Reforming the tax structure, so that more people pay taxes, but everyone pays less proportional to their total income. Privatization of public enterprises. Promotion of free trade.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What development strategy/policy favored by the IMF, World Bank, and the US compels developing nations to reform their economies along ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Why should organizations be allowed to promote offensive, violent, sexual, or unhealthy products that can be legally sold and purchased?
Answers (1)
Choose the correct statement (s) below regarding A. the direct write-off method for calculating bad debt expense. B. It is not normally consistent with GAAP and accrual accounting. C.
Answers (1)
Suppose you want to invest $10,000. You have two options: (1) Invest in California municipal bonds with an expected rate of return of 13.00%, or (2) invest in J and K Corp.'s bonds with an expected rate of return of 19.50%.
Answers (1)
If the supply of loanable funds shifts to the right, then the equilibrium interest ratea. and quantity of loanable funds risesb. and quantity of loanable funds fallsc. rises and quantity of loanable funds fallsd.
Answers (1)
The accounting equation (Assets 5 Liabilities 1 Equity) is a fundamental business concept. Explain what this equation reveals about a company's sources and uses of funds and the claims on company resources
Answers (1)
New Questions in Business
Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. a. What is the value of the shareholders' eq
Answers (1)
Businesses are most likely to grow during which of the following phases of the business cycle? A. expansion B. contraction C. trough D. recession
Answers (1)
Zero Corp. suffered a loss having a material effect on its financial statements as a result of a customer's bankruptcy that rendered a trade receivable uncollectible.
Answers (2)
Upward communication among organizational members at the same level can facilitate task coordination, provide means of sharing information, provide formal channel of communication for problem solving, and facilitate mutual support for staff involved.
Answers (1)
Last year, a women's professional organization made two small-business loans totaling $23,000 to young women beginning their own businesses. The money was lent at 9% and 11% simple interest rates.
Answers (1)
Home » Business » What development strategy/policy favored by the IMF, World Bank, and the US compels developing nations to reform their economies along neoliberal lines in order to compete in the global market?
Sign Up Forgot Password?