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The macroe-

conomic approach (Aliber, 1970; Froot & Stein, 1991;

country. With market-oriented economies in Latin

America effectively in operation for little more than

a decade, instability of prices, employment and output

would be expected. A high rate of in?ation is a sign of

internal economic instability and of a host govern-

ment’s inability to maintain expedient monetary pol-

icy...

A high rate of in?ation is a sign of

internal economic instability and of a host govern-

ment’s inability to maintain expedient monetary pol-

icy. From the MNE’s viewpoint, high in?ation creates

uncertainty regarding the net present value of a costly,

long-term investment. For these reasons, companies

may avoid making investments in countries with high

in?ation...

General points of the essay

Politics of Latin America Fdi In Latin America Conflict: The Basis for Latin American Change (Born in Blood and Fire: A Concise History of Latin America) Hemegony In Latin America modern latin america Sexuality in Latin America "Over the course of the past half-millennium, the 33 countries that now comprise Latin America and the Caribbean have gone through drastic change. Since the discovery of the New World in 1492, each country has gone through some level of colonizati... Enlightenment In Latin America Independence In Latin America LATIN AMERICA Latin America And Slavery Latin America Modernity the 3 C's in Latin America Decmoracy In Latin America Slavery in Latin America

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