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...
(The entire page is 2586 words.)
Want to read the whole thing?
Subscribe now to read the rest of this article. Plus, get access to:
- 30,000+ literature study guides
- Critical essays on more than 30,000 works of literature from Salem on Literature (exclusive to eNotes)
- An unparalleled literary criticism section. 40,000 full-length or excerpted essays.
- Content from leading academic publishers, all easily citable with our "Cite this page" button.
- 100% satisfaction guarantee READ MORE