11. By building up reserves in prosperous times and spending them in weaker times, the program helps stabilize the economy. 12. Despite its success in stabilizing its economy, Russia discovered it was particularly vulnerable to the disarray in the global capital markets. 13. During his first term, Menem stabilized the economy, which was plagued by runaway inflation, resulting in five years of unprecedented growth and popularity. 14. He also repeated the U.S. position that the International Monetary Fund should play the primary role in international efforts to stabilize Asian economies. 15. He said he is working on stabilizing his economy, combating drug traffic and increasing democracy. 16. If that happens, government spending must rise simply to stabilize the economy. 17. In return for the loan, the fund had insisted that Russia produce a realistic budget and program to stabilize its economy. 18. It would also mean that the role of welfare programs in stabilizing the economy would now be limited. 19. Lott joined several members of Congress, Republicans and Democrats, who have voiced concerns about the U.S. helping stabilize troubled economies in South Korea and Indonesia. |