Many developing countries in the “Global South” turned to Socialism in the past as a means to solve their economic problems. Now, considering the evident failure of Socialism, many of these countries seek to create fast growth through the establishment of market (Capitalist) economies. Note: The Global South includes low- and middle-income countries in Asia, Africa, Latin America and the Caribbean.
- Select a country in the Global South that has been in the news recently and then visit a reputable website, read a newspaper, or watch a TV broadcast to catch up on the latest events relating to the economic development of the country. Next, using the country you researched, identify which of the five (5) market economy policies the country appears to be following. Provide support for this conclusion. 125 word or more
