The article "Structural Adjustment: Retrospect and Prospect" discusses the concept of structural adjustment and its impact on various regions in the 1980s and beyond. It examines the lessons learned from past policy reforms, particularly in Latin America and Sub-Saharan Africa. The researchers explore the challenges of implementing structural adjustment programs and highlight the importance of sustainable policy reform for the future. Key findings include the need for changing production patterns with social equity and environmental sustainability, as well as the relationship between structural adjustment and employment in the labor market. The article also addresses the political economy of reform, the role of democracy in economic growth, and outlines strategies for structural adjustment in the 1990s.