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SingaporeHistoryQuick questions
Problems of Economic Liberalisation and Development
Quick questions on Structural adjustment and the Washington Consensus explained: H2 History
4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is judging the record?Show answer
The fairest judgement is that the record of structural adjustment was mixed at best, and that its uniform design was a central flaw. The programmes sometimes achieved macroeconomic stabilisation, and some of the reforms addressed real problems. But they rarely delivered the promised broad-based development, they imposed heavy and unevenly distributed social costs, and their application of a single free-market template to very different economies ignored the lessons, evident in the East Asian experience, that successful development often involved an active state and policies tailored to local conditions. The episode became a central case in the debate over whether liberalisation helps or harms development.
What is q1?Show answer
State three typical conditions of a structural adjustment programme. [4 marks]
What is q2?Show answer
Explain why structural adjustment imposed heavy social costs. [12 marks]
What is q3?Show answer
"The Washington Consensus did more harm than good in the developing world." How far do you agree? [20 marks]
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