Structural Adjustment Quotes

When national debts have once been accumulated to a certain degree, there is scarce, I believe, a single instance of their having been fairly and completely paid. The liberation of the public revenue, if it has ever been brought about at all, has always been brought about by bankruptcy; sometimes by an avowed one, but always by a real one, though frequently by a pretend payment.

If it is, in reality, capitalism that is the motor force behind the destructive forms of globalization, then it must be in their capacity to neutralize or transform this particular mode of exploitation that one can best test these various forms of resistance to the West.

Governments tend not to solve problems, only to rearrange them.

Capitalism has only hurt Latin America.

A revolution is not an event. It's a process. And it takes its time.

The people in Poland had to deal with painful reforms.

The corporate welfare state derived from an approach to economic development which worships at the shrine of the gross national product.

If I take you back to the Nineties, our party came up with very bold reforms in the country, economic reforms. They were really revolutionary reforms.

There are few colonial nations anymore. Instead, we are colonized by financial institutions beyond our political control. We are colonized with pens and papers and millions of little digital bursts transferring billions of dollars all over the globe in the blink of an eye.

In our view, successful reform is not an event. It is a sustainable process that will build on its own successes - a virtuous cycle of change.

Successful reform requires a long-term vision, driven by political leadership.

We are told that we must open up, that trade and commerce must be totally free. Free for whom? For rogue speculators. For anarchists wanting to destroy weak countries in their crusade for open societies, to force us to submit to the dictatorship of international manipulators.

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

Our choice of a reform framework dictated that we looked at the fundamental assumptions that had driven Nigeria's economy, society and policy hitherto and to seek ways of either abandoning or transcending those assumptions and their supporting institutions.

We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.

Beginning reform is beginning revolution.

Those who are seeking miraculous remedies for the depression are mistaken. Either the present depression is a periodic depression with the economic system, in which case it will be overcome, or it represents a transition from one stage of civilization to another.

Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

Prime Minister Singh is to be commended for beginning the process of transforming India into a global economic power by initiating economic liberalization in the early 1990s.

International aid as a means of development is a major failure, and not just in Haiti.

When nations are willing to undertake serious economic reform, we should help them to do it.

Whenever a Third World country accepts a structural adjustment loan and hence the imposition of a structural adjustment program, it has in effect delegated the task of running its economy to a foreign, non-elected body sitting in Washington DC.

Creating deep and meaningful change in this country takes time - years and sometimes decades.

The term 'globalisation' is conventionally used to refer to the specific form of investor-rights integration designed by wealth and power, for their own interests.

A State in the grip of neo-colonialism is not master of its own destiny. It is this factor which makes neo-colonialism such a serious threat to world peace.