Tim Carrington

In the following viewpoint, Tim Carrington asserts that underdeveloped countries need to adopt market-oriented economic policies in order to grow. According to Carrington, these policies include maintaining low inflation and privatizing state assets. He cites countries that have succeeded in improving their economic status, such as Uganda and Korea, and contends that other underdeveloped nations need to learn from these countries’ examples and mistakes. However, Carrington acknowledges, a country cannot develop its economy successfully if it is led by a corrupt or incompetent government. Carrington is a former writer and editor for the Wall Street Journal and an employee at the World Bank’s Economic Development Institute, which offers programs on economic and social development to World Bank clients.

As you read, consider the following questions:

1. Why do some people dislike the...