Structure Adjustment Programmes (SAP)
Conditions that come with IMF loans, have to be followed for the loan to be given.
Pakistan Changes
New president but takes over to mad debts.
Growing a trade deficit that was $26bn.
GDP growth is very low and interest rates very high.
Previously had 12 IMF bailouts
How Has Globalisation Happened
Liberalised economies allow goods, people, money & ideas to move more freely.
Free Trade
Removes tariffs, quotas and taxes, encouraging FDIs.