Define turning to a market economy

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"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."

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

Reference no: EM131705121

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