Reform Pressure and Criticism (Edexcel A-Level Politics): Flashcards

IMF/WB economic policies as conditions for financial aid

Cut public spending, raise taxes, privatise, deregulate markets

Impose Western economic models, infringe on sovereignty

Reduced healthcare/education access, worsens poverty

Benefits to elites; population suffers job/wage cuts

Perpetuate cycle of dependency and debt trap

Wealthy countries (esp. USA) hold disproportionate influence

Decisions by small group without adequate input from affected

Loss of legitimacy and trust from developing countries

Prioritise market liberalisation/free trade over equity

Prioritise economic growth over environment & social welfare

Austerity measures deepened recessions, increased unemployment & poverty

New Development Bank (NDB) for infrastructure & sustainable growth