Unrest and economic underperformance haunt the emerging world At the start of the century, developing economies wer 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 preside and independent institutions are under attack in Brazi India and Mexico. Question: 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) Economic growth d) Full employment

Unrest and economic underperformance haunt the emerging world At the start of the century, developing economies wer 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 preside and independent institutions are under attack in Brazi India and Mexico. Question: 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) Economic growth d) Full employment

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter17: Institutions, Policies, And Cross-country Differences In Income And Growth

Section: Chapter Questions

Problem 9CQ

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