US
Whenever market bubbles burst, they create havoc in real economy, affect long-term growth
Are unabated market reforms in the power sector delivering?
Further reforms must be pushed on hopes power system will become efficient
Flexible exchange rate only suitable for countries that have large forex reserves
Forces of globalisation make it difficult for govt to stem dollar’s appreciation
Financial globalisation, capitalist influence raise concerns
There is need to remove institutional bottleneck related to agriculture to tackle stagflation
In absence of profitable opportunity in real estate, capitalists speculate in commodities
Unemployment increasing along with acceleration in goods prices
Causes of inflation are deep-rooted, cannot be addressed in short span of time