Defines what stabilization and structural adjustment programs are critically evaluates M. Chossudovsky’s view of the structural adjustment program in his book, The Globalization of Poverty.
It is not unusual to suggest that Third World countries possess a need for financial assistance. Two examples of programs that the IMF and the World Bank implement in these situations are stabilization and structural adjustment programs. But this doesn’t mean that such countries always benefit from this relationship. M. Chossudovsky’s book The Globalization of Poverty examines the negative aspects of this relationship. 1b.