Poor Nations Can't Live by Markets Alone

The '90s boom and free-market reforms adopted by developing countries haven't done enough to improve their lot, says a U.N. study

Today, the 1990s are remembered as a decade of enormous progress for market economics. From Eastern Europe to Latin America to Africa, governments lowered trade barriers, privatized industries, and took World Bank and International Monetary Fund advice more seriously on reining in public spending.

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