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When Beginning in the early 1990s many African nations joined the worldwide trend toward?
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∙ 6y ago
economic liberalization and market-oriented reforms to spur economic growth and attract foreign investment. This shift aimed to move away from state-controlled economies towards more open and competitive markets, with the hope of fostering growth and development within the continent. The implementation of structural adjustment programs and policies such as privatization, deregulation, and trade liberalization were central to this transformation.
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