Pressure on countries to adopt market economies, which include privatization of state-owned economic activities, was widely regarded as a necessary step toward

Question

Quizplus · Accepted Answer

The pressure on countries to adopt market economies and privatization of state-owned economic activities was seen as a necessary step toward democratization, which refers to the process of establishing democratic government systems and increasing individual freedoms and rights. This was seen as a way to increase economic efficiency, reduce corruption and promote transparency, as well as create a more equitable distribution of resources in society.

Pressure on Countries to Adopt Market Economies, Which Include Privatization