1982-1984: The political arena is characterized by infighting and corruption. The international recession and domestic fiscal mismanagement put the Bolivian economy in a state of crisis. The government prints money, fueling inflation. Per capita income falls below 1965 levels, with more than half the labor force employed in the informal sector.
A blog about finance, economic development and more! with a special focus in Bolivia
Sunday, November 27, 2011
Bolivia Hyperinflation
A short video from PBS's Commanding Heights explaining to some extent the situation regarding Bolivia's inflation process during the early 80s
1982-1984: The political arena is characterized by infighting and corruption. The international recession and domestic fiscal mismanagement put the Bolivian economy in a state of crisis. The government prints money, fueling inflation. Per capita income falls below 1965 levels, with more than half the labor force employed in the informal sector.
1982-1984: The political arena is characterized by infighting and corruption. The international recession and domestic fiscal mismanagement put the Bolivian economy in a state of crisis. The government prints money, fueling inflation. Per capita income falls below 1965 levels, with more than half the labor force employed in the informal sector.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment