Definitions for "Structural adjustment"
When not allocable by sector.
a process imposed on poor countries in which they must privatize services, export more, and reduce the government's role in the economy in order to access International Monetary Fund/World Bank loans. Structural adjustment programs have brought devastation to vulnerable citizens of poor countries as they lose more of their few protections and services.
The reallocation of resources (labor and capital) among sectors of the economy in response to changing economic circumstances, including trading conditions, or changes in policy.