CAS EC 102 Study Guide - Cory Booker, Capital Outflow, Race To The Top
10 Mar 2014
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Stagflation: mix of high inflation and flat economic growth. Hard to battle; cutting interest rates may cause prices to spiral. Oil-fueled growth, the foundation of putin"s rule is over and there is nothing to take its place. Investments fell from 2. 6 billion to 1. 8 billion last year. Economic growth of 7% during the early 2000s. Officials call for cutting of interest rates to boost growth. Central bank wants to bring down inflation first. Growth should pick up to 2. 35 in 2014 and 2. 9% in 2015. Will lag behind global growth unless structural reforms are made. Large capital outflow should slow down to 30 billion (half the level of last year) Trade went from 2. 5 billion in 1979 to 500 billion last year. China has the second largest economy in the world. Trade and investment liberalization, oppose protectionism and reduce pollution. Third plenary session of the 18th communist part of china central committee.
