Tightrope tricks

Article Abstract:

Brazil had to increase interest rates by 100% in Oct 1997 due to the Asian financial crisis and the need to keep inflation low and preserve the Brazilian currency. The government has to balance voter's worries about unemployment and recession with markets' fears of the currenct account and fiscal deficits. The economy is stagnant although fiscal policy is loose. A low level of economic acceleration could create more problems with the balance of payments. Fiscal reform could help ease the situation.

Legislative Bodies, Budget, Economic policy, Brazil, Fiscal policy

---

Unhappy returns: Pakistan

Article Abstract:

Pakistan Pres Farooq Leghari is allowing the army to make political decisions in his interim government before the Feb 3, 1997 elections. Former prime minister Benazir Bhutto and others are criticizing this move as undemocratic.

Public opinion, Leghari, Farooq

---

Musharraf on the tightrope

Article Abstract:

Pakistani Pres Pervez Musharraf is using the US-led air strikes against Afghanistan to shake up the army and improve his grip on power. However, supporters of Osama bin Laden have been rioting against the US action.

Political activity, Armies, Musharraf, Pervez

Similar abstracts:

• Abstracts: The call to arms. Royal rescue: Japan. A normal country
• Abstracts: Shoppers' strike. Decline and mall: retailing
• Abstracts: Patient money brings returns. Denmark: Finnish equity investor to enter Danish market. Denmark: Capital injection into Brandt Ventures
• Abstracts: IT agenda 2000: not fixing technical bugs but creating business value. Patterns of strategy innovation
• Abstracts: Asymmetric private values auctions with application to joint bidding and mergers. Endogenous mergers in concentrated markets

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.