#8 MADAGASCAR- 1.437 GDP (PPP) per capita
Lying in the Indian Ocean is the country of Madagascar. It is located near the South Easter African coast and it is an island. As poor country, it has a very low standard of living.
A poor nation, a nation who struggles to survive every day.
All because they chose to leave the path of Socialism and followed the guidelines of the World Bank and International Monetary Fund (IMF).
They just tried to be a privatized and liberalized country. And that seems to be the worst decision they had to make, because it has recorded a slow economic growth.
Do you think they made the best decision trusting the World Bank and International Monetary Fund?
