Several developing countries in "Global South" turned to socialism in past as means to solve their economic problems. Now, in light of evident failure of socialism, many of these countries look to create fast growth through the establishment of "market economies."

Using South Africa, recognize which of five market economy policies this country appears to be following. Describe how you reached this conclusion.

Speculate about likelihood of success of achieving the prosperous market economy for this country

Describe which of policies is most effective and least effective for this country? Give a rationale with answer.