Explain what impact you think this might have on the country in terms of its economic future

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Explain what impact you think this might have on the country in terms of its economic future

Explain what impact you think this might have on the country in terms of its economic future
Briefly summarize the article
Explain the economic issues in the article- what topics are addressed and what do they mean in terms of the article (i.e. what do the changes in this article represent in terms of the market)
Hyperinflation (what is it, what does it mean for individuals and the country as a whole)
What does it mean to “hedge” against inflation and what are Venezuelans doing?
Why might inflation affect the rich differently than the poor (use examples from the article to illustrate)
Explain what impact you think this might have on the country in terms of its economic future- explain your answer.
do you have any ideas about how the country could protect people against inflation
2-3 pages,
article to read for assignment: What Venezuelan savers can teach everyone else
background reading:
Venezuela’s Hyperinflation, 24 months and counting (Links to an external site.)Links to an external site.
Venezuelan inflation reaches 40,000 percent (Links to an external site.)Links to an external site.
A cup of coffee costs a million Venezuelan bollivars! (Links to an external site.)Links to an external site.
 
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Explain what impact you think this might have on the country in terms of its economic future

 

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Explain what impact you think this might have on the country in terms of its economic future

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