macroeconomic
/ˈmækroʊˌɛkəˈnɑmɪk/
populism
/ˈpɑpjəˌlɪzəm/
Description
macroeconomic populism
policies—allegedly followed in the Allende (Chile) and García (Peru) governments—that unsustainably increase government spending/real wages and cause inflation, stagflation and economic collapse, with ultimately lower real wages than before
English Phonetic Transcription
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