structural adjustment



Change effected in the basic framework of an economy by the impact of policy reforms, such as liberalization of the economy by reducing protectionism and state intervention.

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  • The company's new president and CEO decided to make a structural adjustment when he came on board because he noticed there were a lot of redundancies in several departments of the company.

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  • The policy reform caused them to make an unplanned structural adjustment, which the workers were not used to at all.

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  • You should be able to plan for a sound structural adjustment when you want to find a new way to do things.

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