Answer to Question 1
These economies have prioritized the maintenance of stable macroeconomic environments. On average, budget deficits and foreign debt were not dramatically smaller than in other regions of the world, although there was a significant amount of variation across countries. The difference in the export-oriented economies, however, is that with the exception of the 1997-1998 crisis, deficits and debts remained manageable. High growth rates helped ease the constraints imposed by a given level of debt, partly because the high levels of exports earned the foreign assets necessary for debt servicing. The commitment to low inflation helped keep real interest rates stable and enabled firms to take a longer-run view of their investments. In addition, low inflation helped avoid severe real appreciations in the exchange rate. Low inflation also meant that variations in the real exchange rate, the real interest rate, and the inflation rate were relatively low.
Answer to Question 2
Interest rates were lower and demand for housing higher than it would have been otherwise.
Seasonal changes in biomass and growth form of benthic algae in the Eel River, California: (a) in ea
High rates of rural poverty have been a part of the United States from its origin to the present. ...
Poverty and population growth
A deficiency of linoleic acid can interfere with normal growth and result in inflammation
Primary growth in a root
Chalk cliffs 90 meters (300 feet) high along the shore in Dover, England, were once seafloor