During the 1980s and 1990s, the IMF and World Bank forced African governments to implement SAPs, which led to a decline in public services, labor market regulations, and industrial policy, resulting in a recession that lasted over two decades and a decline in material use.
GDP
Posted inOpinion
The less rosy side of our ‘robust’ economy
Not only are these trends not sustainable, but they continue to put tens of millions of Americans on a collision course with financial disaster. Moreover, this nation’s economic disparities are a threat to its very future.