Month: January 2018

Since the beginning of the decade, the IMF and World Bank have begun to retract on their statement that the solution to solving the world’s poverty is economic liberalization of low and middle income nations. Originally implemented via Structural Adjustment Loans, these programs, beginning in the 1980’s in Sub-Saharan Africa, promoted economic liberalization via social spending cuts, tariff elimination, and subsidy removal in exchange for high-interest loans. This growth-oriented strategy was developed out of the expectations that a) “trade, not aid” was the best way to promote economic growth and b) economic growth would be equitable and all socioeconomic classes Continue reading Economic Liberalization and the Global Food Regime→