Structural Adjustment (2007 )INTRODUCTION The economy of Third world countries is backward , compared with what is obtainable from developed countries like the United State of America and European countries . The economy of these less developed countries are plagued with high inflation rate , poor productivity level , high mortality rate , poor agricultural proceed , low per capita income , high rate of starvation and high level of employment , highly dependence on the production of primary produce with crude implements . The economic backwardness of third world countries are argued against two theories that opposes themselves . Firstly , the modernization theory argues that the underdeveloped countries have inherent variables that inhibits and hinders them from developing . These inherent characteristics of the third world countries according to this theorist in this school of thought include fatalistic attitude to their fate of backwardness , lack of insightful innovation fro development , aggregation lifestyle , belief in fetish ideology that opposes development , cultural practices that are anti-development among others . Thus , the theorists who support this school of thought argue that these inherent variables hinder the process and development of the third world countries . On the other hand , the Development theorists argue that the state of under development of third world countries is ascribed to the exploitative tendencies of the developed countries . The developed countries through the slave trade ,colonialism , and imperialism unleashed at third world countries , have greatly exploited the factors and variables of these countries to develop . Furthermore , the neo-colonialism stand of developed countries that under price the primary product of underdeveloped and developing countries , such as their raw material produce and in return sell at high price finished product , such as tractors and other equipments needed for production , this as made the third world countries to remain backward and underdeveloped . In this view , Lairson Skidmore (1993 , argue ,“ .as a mechanism , international trade has by its very operation , led underdeveloped countries to stagnation or impoverishment , and developed countries into automotive cumulative growth .This write up would look at the structural adjustment policies recommended by IMF to the economy of Third World countries . Nigeria ,giant of Africa , would be used as a case study to analyze this study .IMF STRUCTURAL ADJUSTMENT POLICIES AND CONDITIONALITY TO THIRD WORLD COUNTRIES In the past IMF , in support with other Bretton Institutions , such as the World Bank , the United Nations has come up with conditionality that is perceived by critics of IMF recommendation for developing economies as being lopsided and double standard . In this sense , the IMF is accused of recommending different economic recovery and solution to currency crisis , different from what it recommends for developed economies . For instance , while it is a noticeable fact that conditional set for economic recovery for developing countries include , inter alia , the removal of government subsidies on utility goods , and privatization of public enterprises , in country like United States the citizen still enjoys massive subsidies on agricultural farming and other public utility goods . On this basis , the recommendations and conditionality of the IMF , and other institutions in the Bretton Woods…