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Which one of the following approaches aims to privatize government services and open nations to free...

Which one of the following approaches aims to privatize government services and open nations to free trade?

Group of answer choices

Means-tested policies

Decentralization

Economic liberalization

Convergence

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Answer #1

Ans) Economic liberalization

Explanation:

- The essence of SAPs was to reshape the economies of developing countries in favour of the free market, reducing overall government intervention in the economy. While some governments initiated adjustment on its own, most countries did so largely involuntarily as a condition for receiving loans from multilateral institutions, especially the IMF and the World Bank. In practice structural adjustment meant that loans were granted, but with conditions of structural economic reforms attached, known as 'conditionalities'.

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