1.9 Read the following extract to answer the question that follows. Unrest and economic underperformance haunt the emerging world At the start of the century, developing economies were a source of unbounded optimism and fierce ambition. Today South Africa is reeling from an insurrection, Colombia has suffered violent protests and Tunisia faces a constitutional crisis. Illiberal government is in fashion. Peru has just sworn in a Marxist as its president and independent institutions are under attack in Brazil, India and Mexico. Source: https://www.economist.com/leaders/2021/07/31/unrest-and-economic-underperformance-stalk-theemerging-world Accessed: 20/08/21 According to economic theory, the above occurrences come as a result of emerging markets failing to accomplish which of the following objectives? a) Price stability b) Balance of paym
1.9 Read the following extract to answer the question that follows.
Unrest and economic underperformance haunt the emerging world
At the start of the century, developing economies were a source of unbounded optimism and fierce ambition.
Today South Africa is reeling from an insurrection, Colombia has suffered violent protests and Tunisia faces a
constitutional crisis. Illiberal government is in fashion. Peru has just sworn in a Marxist as its president and
independent institutions are under attack in Brazil, India and Mexico.
Source: https://www.economist.com/leaders/2021/07/31/unrest-and-economic-underperformance-stalk-theemerging-world
Accessed: 20/08/21
According to economic theory, the above occurrences come as a result of emerging markets failing to
accomplish which of the following objectives?
a) Price stability
b) Balance of payments stability
c)
d) Full employment
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