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Make Double-Digit Profits on the World's Cheap Growth Addiction
History shows that the best thing a country can do to get out of dire financial straits is to make structural reforms.
But it can take years - long, difficult years - for the country that's attempting reform, and the politicians responsible have a funny way of not getting re-elected.
Now we have proof from the International Monetary Fund, which is meeting in Peru right now, of why countries are using this method more often today. The IMF has released a strategically timed report that confirms currency devaluation is effective at boosting a nation's GDP.
History shows that the best thing a country can do to get out of dire financial straits is to make structural reforms.
But it can take years - long, difficult years - for the country that's attempting reform, and the politicians responsible have a funny way of not getting re-elected.
Now we have proof from the International Monetary Fund, which is meeting in Peru right now, of why countries are using this method more often today. The IMF has released a strategically timed report that confirms currency devaluation is effective at boosting a nation's GDP.