Brazil is booming, but for most of the 20th century, it was an economic mess. For a
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Question:
Brazil is booming, but for most of the 20th century, it was an economic mess.
For a while, inflation was so high that grocery stores were raising their prices every day. Shoppers would run ahead of the guy changing the price tags, so they could pay the previous day's price.
A series of leaders tried and failed to stop inflation. One guy instituted a price freeze. Another froze peoples' bank accounts. None of it worked.
Listen to the following report and respond to the following:
- What triggered the inflation in Brazil?
- What about inflation punishes people who try to save?
- How does inflation make it difficult for businesses to set prices and plan for the future?
http://www.npr.org/blogs/money/2010/10/01/130267274/the-friday-podcast-how-four-drinking-buddies-saved-brazil
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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