In the HPAE,inflation is kept under control and budget deficits and foreign debt levels are kept within the ability of the governments and the economies to handle them,which is quite different from the past experience of the Latin American region.

Question

Quizplus · Accepted Answer

The statement correctly describes one of the main goals and achievements of the HPAE (High Performing Asian Economies), which can be contrasted with the problems faced by many Latin American countries in previous decades. Keeping inflation, deficits and debt levels under control is seen as a key element for sustaining growth and macroeconomic stability in these countries.

In the HPAE,inflation Is Kept Under Control and Budget Deficits