Argentina’s Economic Collapse (2001-2002)
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...most promising economies, Argentina suffered economic collapse at the end of 2001 and did not see the beginning of any significant recovery until well into the next year. The purpose here is to identify contributory factors and to assess whether the Latin America trade alliance MERCOSUR was involved in the collapse in any way.
Factors Contributing to the Collapse
In its own inimitable way, The Economist muses, The IMF is always in essentially the same fix (Blame game, 2002; p. PG). It exists in that ether between doing too much and too little, which it often does simultaneously. It helped too much last year, throwing good money after bad; to...
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