The government was compelled to open the economy due to

pressure from international market

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pressure from domestic market

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foreign exchange bankruptcy and paucity of funds with the government

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All of the above

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Solution

The correct option is C foreign exchange bankruptcy and paucity of funds with the government
The fifth sentence of the fourth paragraph says, 'But most of these changes were first by circumstances partly by the foreign exchange bankruptcy of 1991 and the recognition that the government could no longer muster the funds of support the public sector, leave alone expand it.' Therefore option (c) is the correct choice.

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