The Macroeconomics of populism in Latin America / edited by Rudiger Dornbusch and Sebastian Edwards Dornbusch, Rudiger

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Author
Dornbusch, Rudiger
Subjects
Populism - Latin America - Congresses.; Latin America - Economic conditions - 1945- - Congresses.; Populism.
Summary
Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and.
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http://trove.nla.gov.au/work/174750
Work ID
174750

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