“Turning to a Market Economy”

“Turning to a Market Economy”

Many developing countries in the “Global South” turned to socialism in the past as a means to solve their economic problems. ;Now, in the light of the evident failure of socialism, many of these countries ;seek to create fast growth through the establishment of ;“market economies.”

• Select a country in the Global South that has been in the news recently. Visit a reputable Website, newspaper, or TV broadcast to catch up on the latest events relating to the economic development of the country. Using the country you researched in the e-Activity, identify which of the five market economy policies the country appears to be following. ;Explain how you reached this conclusion.

• Speculate about the likelihood of success of achieving a prosperous market economy for the country you researched.

• Using the country you researched in the e-Activity, identify which of the five market economy policies the country appears to be following. ;Explain how you reached this conclusion.

• Minimum 3 References

Notes: Prefer a Middle Eastern Country i.e. United Arab Emirates, Egypt, Kuwait, Saudi Arabia