On a global level we ve seen what Toussaint terms price unification and labour market compartmentalisation , the phenomena of prices of goods in third world countries converging with those in the North, while wages remain hugely disparate. Overall these institutions see the role of the state in debtor countries as large negative, and aim to marginalize it, ignoring success stories of peripheral countries that have relied on an active state. At the end he kind of sums up the history of underdevelopment and neoliberalism from the 16 th cent. He concludes that in order for the South to industrialize they ll need subsidies of domestic goods and protectionist barriers to shield against competition from Northern countries, the exact opposite of SAPs give them. Let prices rise gradually, avoids riots, kept things calm.
People worry more about basics being cheap than they do about education or housing, etc.
Most important is that such goods are available to poor. Few people hold control and no controls on them. Only thing holding WB and IMF accountable is public opinion, if vocal enough. WB has changed policies in public relations if not substantively in policy. Golden Hook of Credit debtor countries have to continually renegotiate loans and keep to SA policies.