Word: inflationitis
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Alternative means of trade often surface during tough economic times. "When money gets dried up and there are still needs to be met in society, people come up with creative ways to meet those needs," says Peter North, a senior lecturer in geography at the University of Liverpool and the...
The need for a functional, democratic government could not be more urgent. Bangladesh remains one of the poorest countries in the world, with 40% of its population living on less than $1 a day, and its government must act effectively to deal with inflation and soaring food costs that are...
But at its current extreme, bond-investor fear is myopic. In striving to avoid the falling stock market and the downdraft of the economy, investors are all but ignoring the longer-term inflationary implications of a monetary easing and explosive growth in U.S. government spending and what it could ultimately...
So what is the connection between Mr. Dantas’ prosecution and growth expectations for Brazil? The case shows that the country is still on a steady march towards fixing problems common to emerging markets. This march started in 1994 with the Plano Real, the monetary stabilization plan that ended...
Since then, the economy has boomed, by 6.7% last year as opposed to 3.7% in 2002, and inflation has fallen from 32.9% to 10.7% in the same period. A consensus has developed on the big questions such as liberal economics, and efforts to alleviate poverty. Regardless of who replaces Kufuor...