Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025
Definition
Economic policies emphasizing free trade, reduced government spending, and market liberalization that are often required by international organizations as conditions for loans or membership.
AP course connection
Topic 5.4: 5.4 Policies and Economic Liberalization