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Kevin Bryan: Structural adjustment programs began after trends worsened in developing economies
Kevin Bryan points out that structural adjustment programs (SAPs) in developing economies such as those managed by the World Bank did not begin until 1982. He highlights that key negative trends in these economies, depicted in Hickel's research, had already started before the launch of SAPs.
Bryan attributes both the shift toward these policy adjustments and the economic hardship in the 1980s to the oil and resource crisis of the 1970s, alongside major debt accumulation in many developing countries.
Bryan has previously highlighted Canada’s per capita GDP PPP growth lagging the OECD average, outpacing only Mexico and Luxembourg last year, according to recent market data. In a separate note, he reported that the federal tax for U.S. median income couples rose to $3,340 each, with lower totals for parents and retirees, as detailed here. These data points form part of Bryan’s ongoing coverage of economic and fiscal trends.
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