Fintelco

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Title: Fintelco

Essay Details:

Subject: Business

Author: Lee T

Date: April 26, 2016

Level: University

Grade: B

Length: 13 / 3767

Essay text:

From about 1975 through 1990, the country was plagued by high inflation and general economic stagnation. Inflation seldom fell below 100 percent; there were bouts of hyperinflation, notably in 1985 and 1989–90. Real GDP in 1990 stood 6 percent below the level in 1974. Over this period, the general stance of economic policy was inward-looking and interventionist, although there were occasional attempts to adopt more market oriented policies. All-out crises erupted twice during the 1980s. Early in the decade, the mounting fiscal imbalances led to high real interest rates, a string of corporate bankruptcies, growing insolvency in the banking system, and a loss of confidence...

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