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Argentina's problems stem from the peso's rigid link to the dollar, which has eroded competitiveness and forced up interest rates on its massive debts.
Erdogan cracks down Wobbling along Racist dilemmas No more Mr Clean Sputtering Blaming the referee ReprintsInvestment has stayed low because high inflation has pushed up costs and a strong rouble has eroded competitiveness.
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This has eroded Taiwan's competitiveness somewhat with mainland China, which has closely pegged its yuan to the American dollar.
And the situation has been getting worse over time as the rise of other emerging market economies has eroded Greece's competitiveness in lower-cost manufacturing while boosting the demand for exports from Germany and other core E.U. countries and driving up the euro's value.
Yet the way inflation has eroded the peso's competitiveness is real.
Since 1994, when China devalued the yuan by nearly 50%, domestic inflation has eroded most of the competitiveness gained through devaluation.
But our dominance has eroded.
Without question, security has eroded.
"Our credibility has eroded".
That has eroded his initial, overwhelming popularity.
Since then, however, his support has eroded.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com