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Explain the Rationale and Consequences of Structural Adjustment Programs on the Economic

question 37

Essay

Explain the rationale and consequences of structural adjustment programs on the economic crisis for Latin America in the early 1980s.


Definitions:

Formal Procedures

Established methods and protocols prescribed by an organization or system, often legal or governmental, for carrying out activities or resolving disputes.

Formally Approved

Officially sanctioned or authorized by a recognized authority.

Illegitimate Children

Children born to parents not legally married to each other, affecting their legal rights and status in some jurisdictions.

Inherit

To receive assets or liabilities left by a deceased person through their will or by statutory rights.

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