Inflation is growth's enemy. So is reducing it, at least in the short run. A third group had already run the course and stabilized, as Bolivia and Israel did, or had avoided the extreme experience and opted for stabilization early and decidedly, as Mexico did. Dornbusch draws four main lessons from these experiences.
Inflation is similar everywhere.
It is a mistake to believe that the problems of a particular country are their unique situation set ordinary economics aside. Complacency is dangerous. Extreme inflation is not around the corner whenever there is a budget deficit. Democracy makes hard moves harder. Political change toward a more participatory democracy has not favored price stability.