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Impact of Inflation in World Economics
Finance & Accounting
Pages 8 (2008 words)
Impact of Inflation on Asian Economies Table of Contents 1.0 Introduction 3 2.0 Causes of Inflation in Asian Economies 5 3.0 Effects of Asian Inflation on its Economic Growth 8 4.0 Effectiveness of Inflation Management in Asian Economies 9 5.0 Conclusion 11 6.0 References 13 1.0 Introduction The rate of inflation in the Asian economies had been soaring during the recent past obsessed by rising prices of oil and food.
Placing in the most generic term, inflation within an economy diminishes the value of money as a result of which the common people find it difficult to survive. Inflation and growth are such two terms of the economy that are comprehensively incompatible and can never be anticipated to meet (Economy Watch, 2011). The present research paper has been designed to critically evaluate the impact of inflation upon the Asian economies. The reason for selecting the Asian economies for study is the excessively elevating rate of inflation as compared to the rest of the world during the past a few years. The following demonstration of the inflation rate has led to the undertaking of present research. The rates of inflation depicted in the figure are those of the recent period. Source: (Trading Economics, 2011). The figure is a clear representation of the rate of inflation in various countries of the world inclusive of the western countries, European countries, Australia and the major Asian countries in terms of economic growth and also population. It is evident from the figure that rate of inflation in India and China is the highest in the entire world in recent times. ...
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