In the high-growth Asian economies,inflation is kept under control and budget deficits and foreign debt levels are kept within the ability of the governments and the economies to handle them,which is quite different from the past experience of the Latin American region.

Question

Quizplus · Accepted Answer

The statement correctly identifies that the high-growth Asian economies have been able to keep inflation under control and manage their budget deficits and foreign debt levels. This is in contrast to the past experience of many Latin American countries, which have struggled with high inflation, unsustainable debt levels, and fiscal deficits.

In the High-Growth Asian Economies,inflation Is Kept Under Control and Budget