The Economic Problems of Developing Countries May Seem Impossible to Solve

question 65

Essay

The economic problems of developing countries may seem impossible to solve through the application of standard monetary and fiscal policy;but they sometimes can be solved by "regime change".How is regime change different from a policy change? Give an example where regime change was successful in turning around the economy of a developing country.

---

Definitions:

Wealth

An accumulation of valuable resources or material possessions that an individual, community, company, or country owns or controls.

Contribute

To give something, such as money, goods, or time, to a common fund or cause.

Benefit

Benefit refers to the positive impact or gain received from a product, service, or action, often used in comparison to costs to assess worthiness or efficacy.

Public Entertainment

Activities or performances, such as concerts, movies, or games, offered to the general public for enjoyment and leisure.