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> Chile: Unrest in the Copper Nation

商品編號: 9-320-051
出版日期: 2019/11/15
作者姓名:
Alfaro, Laura;Jeong, Sarah
商品類別: Other
商品規格: 8p

再版日期:
地域: Chile
產業:
個案年度: -  

 


商品敘述:

For decades, Chile enjoyed the stability of being the world''s largest producer of copper. Keynes would have advised that this period of growth would have been the time for the government to save, that "the boom, not the slump, is the right time for austerity at the Treasury." If this wisdom has proven true on multiple occasions since Keynes''s statement in 1937, why do countries continue to conduct procyclical fiscal and monetary policies? Economists have documented this phenomenon across countries and found that particularly for emerging markets, capital inflows tend to coincide with expansionary macroeconomic policies while periods of capital outflows correspond with contractionary policies. Why is it so difficult for governments of emerging market countries to save during economic booms? By analyzing economic and social factors that contributed to unrest in Chile, students will wrestle with economic and ethical questions about balancing the needs of current and future generations.


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相關資料:

Case Teaching Note, (5-320-054), 7p, by Laura Alfaro, Sarah Jeong