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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) Economic growth
d) Full employment
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