Specifically, in a world where fiscal discipline is lacking, governments without the institutional or constitutional guarantees of an independent central bank often resort to money creation as a solution to fiscal problems. This, of course, is a recipe for high rates of inflation and, in the extreme, hyperinflation.
Growth then slowed in the early 2000s and it has been particularly weak over recent years. This weakness has been quite broad based, with exports of machinery and equipment, beverages and transport services all falling over the past three years.