Macroeconomic Policy around the World (Economics)
Recall cards on macroeconomic policy across countries. How low-, middle-, and high-income countries are defined by per capita income and how unevenly world population and GDP are distributed among them. What raises living standards, the rule of 72, the East Asian Tigers, converging economies, the growth consensus, and the barriers that keep the poorest countries poor. Why unemployment differs across high-income economies and how it appears in the informal economies of low-income countries. Why high inflation arises from financing deficits by printing money and how high-income economies keep it low. And how a country can guard against sudden reversals of financial capital while still gaining from the funds and expertise that inflows bring.
25 cards
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