A case study of Latin America
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Public expenditure and inflation: A case study of Latin America
Latin America is a region that has experienced high levels of inflation throughout its history, with some countries suffering from hyperinflation at different times. Public expenditure has played a significant role in the region’s inflationary history, as government spending can create pressure on prices when it outstrips the supply of goods and services in the economy.
Public expenditure is the amount of money that governments spend on goods, services, and infrastructure. Governments use public expenditure to provide services such as education, healthcare, and social welfare programs, as well as to fund infrastructure projects such as roads, bridges, and airports. When governments spend more money than they collect in taxes, they must finance the deficit by borrowing or printing money. Both borrowing and printing money can lead to inflation if the supply of money in the economy increases more quickly than the supply of goods and services.
Latin American countries have struggled with inflation for many years, and public expenditure has been a significant contributor to this problem. One reason for this is that many Latin American countries have had large public sectors, with governments providing a wide range of services and employing a significant portion of the workforce. When public expenditure grows faster than the economy’s productive capacity, it can create inflationary pressures by increasing demand for goods and services without a corresponding increase in supply.
Another reason why public expenditure has contributed to inflation in Latin America is the way in which governments have financed their spending. In some cases, governments have relied on borrowing to finance their deficits, which can create inflationary pressures by increasing the demand for credit and reducing the supply of savings available for private investment. In other cases, governments have resorted to printing money to finance their spending, which can lead to hyperinflation if the supply of money grows too quickly.
One example of a Latin American country that has struggled with inflation due to public expenditure is Argentina. Argentina has a history of high inflation, and the government’s public expenditure has been a significant contributor to this problem. The government has financed its spending by borrowing heavily, which has created inflationary pressures by increasing demand for credit and reducing the supply of savings available for private investment. The government has also resorted to printing money to finance its deficits, which has led to hyperinflation in the past.
Another example of a Latin American country that has struggled with inflation due to public expenditure is Venezuela. Venezuela has experienced hyperinflation in recent years, with inflation rates reaching over 10,000% in 2019. The government’s public expenditure has been a significant contributor to this problem, as the government has financed its spending by printing money. This has led to a rapid increase in the supply of money in the economy, which has outstripped the supply of goods and services and created hyperinflation.
In conclusion, public expenditure has played a significant role in the inflationary history of Latin America. When governments spend more money than they collect in taxes, they must finance the deficit by borrowing or printing money. Both borrowing and printing money can lead to inflation if the supply of money in the economy increases more quickly than the supply of goods and services. Latin American countries have struggled with inflation for many years, and public expenditure has been a significant contributor to this problem. To reduce inflation, governments must focus on reducing public expenditure and finding ways to finance their deficits without resorting to borrowing or printing money.
A case study of Latin America
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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