Factors which might have caused a decline in economic and social development in some countries in the 1990s?

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Factors which might have caused a decline in economic and social development in some countries in the 1990s?

The world economy was booming, but areas like The Soviet Union and SSA still remained underdeveloped! WHY?

2007-02-05 07:33:44 · 1 answers · asked by ririts 2 in Social Science ➔ Economics

1 answers

Corruption, war drought decease. In the case of Russia, setting up of a capitalist economic system with out the institutions to support it and wide spread corruption.

2007-02-05 17:50:46 · answer #1 · answered by meg 7 · 1⤊ 0⤋