What is an accurate description of how the political economy of many of the world's nation-states has changed radically since the late 1980s? a. There has been a move away from centrally planned and mixed economies and toward a more free market economic model. b. New communication technologies have increased countries' ability to control access to uncensored information. c. Market-based economic systems have been replaced by command economies. d. There has been a significant reduction of the middle class. e. Democratic governments have been replaced by totalitarian governments.

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Business

Junior Green

22 May, 17:25

What is an accurate description of how the political economy of many of the world's nation-states has changed radically since the late 1980s? a. There has been a move away from centrally planned and mixed economies and toward a more free market economic model. b. New communication technologies have increased countries' ability to control access to uncensored information. c. Market-based economic systems have been replaced by command economies. d. There has been a significant reduction of the middle class. e. Democratic governments have been replaced by totalitarian governments.

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Bennett Gilbert · Answer 1

A. There has been a move away from centrally planned and mixed economies and toward a more free market economic model.

Explanation:

In that period of time, the Soviet union was regarded as the biggest nation who adopted a centrally planned economic model. The country was so poor and a lot of dissatisfaction arise among the people due the centrally planned economic system. Eventually, members of soviet union started to seek their own independence, Leading to the fall of the soviet union in 1991.

The rest of the countries witnessed this Downfall and started to move away from centrally planned and mixed economies toward a free market model. They fear that if they adopted them, their country will fall into poverty just like the Soviet Union.