1. Structural adjustmen programs
With some notable exceptions - for example Botswana, Mauritius, Thailand, Indonesia and of course the East Asian "tigers" - growth was negligible or even negative in many cases. ... Until recently, there was a growing consensus that neoliberal policies were the key for economic growth of Africa and South America. However, even practice of Asian tigers shows, that liberal policies are not that effective without support of mercantilist's ideas. ...
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- Grade Level: Graduate