Determining the Prosperity and Eventual Collapse of Argentina’s Economy
DOI:
https://doi.org/10.47611/jsrhs.v13i2.6729Keywords:
Economy, institutional breakdown, Argentina, Politics, Depression, Regression, InflationAbstract
In the early 1900s, Argentina was in the top 10 wealthiest countries of the world; today, it is sixty-ninth; this inquiry aims to answer how and why Argentina went into an economic crisis. The investigation intends to help future countries, analysts, and anyone interested in following a better economic path. The research paper concludes that Argentina failed to maintain a thriving economy because of its financial decisions, institutional and political breakdowns, fear of devaluation, and increased inflation. The paper explores different political leaders and their decisions during the regression's peak. Even though the article delves into multiple topics and on multiple occasions, it focuses the most from 1998 through 2001.
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