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History, 10.11.2021 19:50 bubblegum2850

Country “M”, a third world country, took a necessary step to transform its economy by adopting a certain policy which demands financial austerity (i. e. spending cuts, increased tax rate). The implementation of the said policy in the first few months did not gain support from the citizens as the promised “development” was not felt. However, after five years, the said country was able to dramatically change its economy and the citizens began to reap from the economic policy they initially perceived to be ineffective.

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