In the following viewpoint, Tim Carrington asserts that underdeveloped countries need to adopt market-oriented economic policies in order to grow. According to Carrington, these policies include maintaining low inflation and privatizing state assets. He cites countries that have succeeded in improving their economic status, such as Uganda and Korea, and contends that other underdeveloped nations need to learn from these countries’ examples and mistakes. However, Carrington acknowledges, a country cannot develop its economy successfully if it is led by a corrupt or incompetent...
Source: The Third World, ©2000-03 Gale Cengage. All Rights Reserved. Full copyright.
(The entire page is 2586 words.)
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