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Macro-economic Policy

Finance and Foreign Policy

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Finance and Foreign Policy

With many economists now pointing to a looming recession, spending constraints are likely to further complicate the foreign policy options of the next U.S. president. So far, Sen. Barack Obama (D-IL) and Sen. John McCain (R-AZ) are giving few signs as to how they would alter their priorities. McCain, in the first presidential debate, suggested a spending freeze on all but defense and entitlement programs. Obama said in an interview he might have to delay plans to double foreign assistance..


By CFR, USA.


Macro Economic Policy Resource.


Zimbabwe's Economic Implosion

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Zimbabwe's Economic Implosion

When inflation gets really bad, it becomes “hyper-inflation.” Yet even that word seems insufficient to describe what’s happening in Zimbabwe. In May 2006, when inflation rates surpassed 1,000 percent, people quipped that the country’s smallest bill, a $500 note, was more cost effective as toilet paper, given that toilet paper was selling for $417—not per roll, but per square (NYT).


By CFR,USA.


Macro Economic Policy Resource.