Question

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

Answer 1

According to economic theory, the above occurrences come as a result of emerging markets failing to accomplish economic growth.

So, the correct answer is c).