Question
1. explaining something about the economic policy and then citing examples from Jamaica or Bolivia would use articles. Specific examples of populism 2. pick out
1. explaining something about the economic policy and then citing examples from Jamaica or Bolivia would use articles. Specific examples of populism
2. pick out examples of the conditionalities and compare them with the Bolivia example in the Finnegan paper (link below). How those conditionalities affected the economy of Bolivia in very specific ways.
(this is my answer for the second question, can you proofread or GIVE a better answer for it. Many thanks
There were conditions, of course. The I.M.F. and the World Bank (the Bank's development loans helped keep the country afloat) took effective control of large areas of public policy. Like many poor countries, Bolivia was subjected to what is blandly known as structural adjustment a set of standardized, far-reaching austerity and "openness" measures that typically include the removal of restrictions on foreign investment, the abolition of public subsidies and labor rights, reduced state spending, deregulation, lower tariffs, tighter credit, the encouragement of export- oriented industries, lower marginal tax rates, currency devaluation, and the sale of major public enterprises. In Bolivia's case, the latter included the national railways, the national airlines, the tele-phone system, the country's vast tin mines, and a long list of municipal utilities. Many indebted countries have had to be force-fed structural adjustment, but Bolivia turned out to be a model student.
Open" economy measures - Centered on free trade principles Tariff reduction - "free trade" Currency devaluation No capital controls (unrestricted movement of capital) No restrictions on Foreign Direct Investment (FDI) Export orientation (Comparative advantage?)
Fiscal Austerity Measures Lower (or higher) taxes Privatization (of public utilities/transportation systems) Tightening of credit (increased interest rates)
Deregulatory Measures Applied to particular economic sectors - esp. Labor and Environmental Regulations Purpose: Attraction of FDI (foreign direct investment) Such deregulation is highly advertised and touted as "market friendly" policies)
3. talk about some of those conditionalities, how they affected both of those economies, both the Jamaican and Bolivia
HERE IS THE READING: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://almerindo.net/wp-content/uploads/2017/09/HarpersMagazine-200305-Washington-Consensus.pdf
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