Camdessus made this comment in an interview with Foreign Policy magazine. The way in which you put that shows the extraordinary confusion of concepts behind this denunciation. You put in the same bag globalization, neoliberalism and structural adjustment as if they were from the same origin. But we must be very careful with this sort of mixture.
Structural adjustment is adaptation to a new world.
You cannot denounce structural adjustment and be as the Christians are against the structures of sin, to take the words of the Holy Father. If you are against the structures of sin that plague our world corruption, nepotism, collusion, protectionism, rigidities of that kind you must go for structural adjustment. If you want to fight poverty, you must go for structural adjustment, like it or not. Thanks to Neil Watkins to spotting this excerpt. In a 1991 internal memorandum, then-World Bank economist and current Secretary of Treasury Lawrence Summers argued for the transfer of waste and dirty industries from industrialized to developing countries.