Question
Assume the economy shown in the diagram below started with market-based reforms in 1991 and has grown at a markedly higher rate than the previous
Assume the economy shown in the diagram below started with market-based reforms in 1991 and has grown at a markedly higher rate than the previous historical trend but deep poverty remains. Economists believe that problems in education, health, infrastructure and political reform need to be addressed to allow the progress of the last 25 years to continue. Explain whether the views of economists are correct by outlining how the addressing of the problems in education, health, infrastructure and political reform could (or could not) sustain rapid growth.
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