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Latvia's election: Guts and glory
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 397 no. 8703 (Oct. 2010)
,
page 58.
Topik:
Latvia
;
Election
;
Politics
;
GDP
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.62
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
LATVIA’S recent history has seen off several axioms of modern political economy. One is that maintaining a fixed exchange rate in the midst of a slump is suicidal. Latvia kept its currency peg to the euro and has regained competitiveness through an “internal devaluation”, with large cuts in wages and public spending: a fiscal adjustment equivalent to some 14% of GDP.
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