TITLE

Daring to be different

AUTHOR(S)
Robinson, L.
PUB. DATE
May 1990
SOURCE
U.S. News & World Report;5/7/90, Vol. 108 Issue 18, p38
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Presents short overview of the tactics that Argentine President Carlos Menem and Brazilian Fernando Collor de Mello are using to attempt to break the cycle of inflation and modernize their economies. Brazil has announced a cash freeze of 80 percent of the money in bank accounts, but the cash squeeze has precipitated a serious recession. Argentina has restricted the right to strike, forcibly converted citizens' savings into bonds and is committed to tight monetary policy.
ACCESSION #
9005071530

 

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