Review the Feature Entitled "Havel's Inaugural Address" in This Chapter

question 37

Essay

Review the feature entitled "Havel's Inaugural Address" in this chapter.Although Havel criticizes conditions brought about by Communist rule, how could many of these criticisms also be brought to bear on capitalism and consumerism?

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Definitions:

Balance of Payments Surplus

A situation where the total of the payments received from abroad exceeds the total of the payments made to abroad.

FX Reserves

Short for foreign exchange reserves; assets held on reserve by a central bank in foreign currencies, used to back liabilities on their own issued currency as well as to influence monetary policy.

Economic Fortune

The state of prosperity or success, especially as determined by economic variables such as income, employment, and market position.

Exchange-rate System

The method by which a country manages its currency in relation to other currencies and determines its exchange rate.