ABSTRACT
The debt crisis and the harsher world economic climate of the 1980s led to the spread of neoliberal ideas and policies. Powerful institutions such as the International Monetary Fund (IMF) and the World Bank spread neoliberal ideas to all four corners of the world. While indebted countries had little choice but to swallow these prescriptions in order to obtain the loans from international financial institutions, others which had the ability to resist these pressures nonetheless often willingly adopted these policies.
