One thought on “Martin Khor: Structural Adjustment Explained”
In general terms, the IMF assists in the design of orderly adjustment programs that help the borrowing country attain a viable balance of payments. The terms of trade is defined as the ratio of the average price of a country’s exports to the average price of its imports.
In general terms, the IMF assists in the design of orderly adjustment programs that help the borrowing country attain a viable balance of payments. The terms of trade is defined as the ratio of the average price of a country’s exports to the average price of its imports.
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