High and volatile inflation and high unemployment are problems that the U.S. has not seen in some time, but continue to be rampant in other parts of the world. There is
A recent special on CNBC showed some of the problems from inflation as it impacts Nike employees in Vietnam. I would like for you to find an example of a country or region in the world where there are problems with regard to either high and volatile inflation or high unemployment. You should then look for the probable causes and proposed solutions to that country’s inflationary and/or unemployment problems. For example, in Vietnam, growth is a leading culprit of causing inflation, and the country has been somewhat successful in battling inflation there.
Questions you might try to answer:
- What are the problems that go along with high and volatile inflation?
- How do governments or central banks battle inflation and unemployment? Are their plans successful?
- Find and example of hyperinflation, how it is battled, or it’s causes and effects through an example.
I would like your statements to be as subjective as possible, or in jargon terms, positive and not normative in nature. Also, remember, I want you to keep your descriptions short, basic, and related to classroom content. Read other students comments before posting, and please leave your name with your posting.