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Look at that parking lot!
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Argentina is pretty unique in that its economy had strong growth in the first decades of the 20th century (thus receiving an immigration wave second only to the US, at least until the 50s) but then after WW2 started loosing momentum only to finally enter into a prolongued period of roller coaster like development. The beautiful European style architecture of Buenos Aires is reminiscent of those golden years when Argentina topped most European countries in its wealth. But for some reasons Argentina started to stagnate when all other similarly developed Western countries entered into a long post-war boom. Not even the "Chicago Boys" style economic policy (which propelled Chile into new economic heights) initiated after the 80s seems to have a sustainably positive effect on Argentina's economy.

So what is it with this promising country, "rolling on the taxiway" for decades now without ever "taking off"?
 

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it was bad economic policies and bad factors, i had a whole article written by specialist about argentina, i dont remember more that this ;)

i think it will develop now
 

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aregentina's present foreign direct investment stands at more than $20billion which is similar to what it had a year before it went into crisis in 1998,china is further to spend $40 billion as fdi in the coming years which will drastically change the face of argentine economy as its growing strong now,its interesting to see tht even after having underwent severe setbacks argentina's human development index remains uneffected as it almost ties with united states in terms of health sector with higher life expectancy,(though neighbouring chile has higher life expectancy than states)agriculture too remains uneffected as well,i think institutions like IMF and WORLD BANK are partially to be blamed for last economic crisis.
 

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Eat your fudge!
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i dont really think argentina will become developed, too many corrupt politicians, its like throwing money inside a bag with a hole in the botton, in the end, all the big fish stay with the green.
 

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I got my eye on you.
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When you're down, there's no way but up! :colgate:
 

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Argentina hasn't make any structural reforms since the crisis of 2002, so we can expect that another crisis is about to happen in a couple of years if they don't make any reforms.
 

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"Structural reforms"...hmm... I've been hearing those words for years! Supposedly Argentina made all the "structural reforms" in the 90s (i.e. privatizing ALL the state-owned companies and the pension & retirement funds; allowing free entry to international products and lots of things more...) and things didn't go very well. I'm a little bit skeptical about the "success" of applying structural reforms... I really don't know which reforms is Argentina still missing! The last one I heard was to dollarise the economy... I think that Argentina's problem is the lack of an intelligent political élite that could sort things out... Argentinian politicians are just crap... And IMF and World Bank didn't realise with whom they were treating so they just made things worse...
 

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Its a terrible shame that Argentina has suffered from bad decisions for the last 50 years or so. One factor that I know has haunted Argentinians for decades is inflation. Inflation and attempts by people-politicians and others-to halt it has been the main factor in the stagnation of Argentina economically for the last 50 years. It was tamed for a while using the convertability law and after the latest crisi passed it seemed to be a thing of the past but it has popped up again.

I have spent a lot of time in Buenos Aires recently on holidays and I left once and returned two months later and went to the same restaurants I had been only a few weeks ago and noticed the prices going up. In early March there were the protests with Shell over its price increases. The reaction to this was typical Argentinian-boycott and protests. This can sometimes be the best means but it also causes disruption. Argentinians have a penchant for protests. Its affects, not just in the short term (as in this case Shell backed down on its price increases) but in the long term is bad for a nation.

Stability, in this sense, has become a major factor in the economic growth and prosperity of a nation. Countries that have benifitted in the last number of years economically have had a stable political, social and economic situation.

Argentina has a very reactionary mentality and when they learn to deal with various issues in a more stable and pragmatic way Argentina will do a lot better. It is an incredibly rich country in resources and a well educated populace that if it learns to harness these better aswel it will become a lot richer and prosperous.

My attatchment to the country has only made me more hope and pray for this country and hope that it will do as well as my home, Ireland in the near future.
 

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Can you name any country that went from 1st world to 3rd world? I think there's only one in all of history - Argentina!! Well maybe two, if you include it's neighbor Uruguay.

And things keep getting worse and worse. Everyone thought Argentina turned itself around in the 1990s, only to suffer the biggest crash in its history, and fall to per capita income levels not much higher than Bolivia. It's doing ok now, but still hasn't even come close to getting back to 1990s levels (certainly not in dollar terms). When will the next crash be?

What's funny is the superior attitude you get there. For god's sake, you're poor!! Accept it, and start acting humble - humilde! Now China - a country that was dirt poor 20 years ago - is going to become your largest investor and godfather.
 

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Well argentina last crisis is because of americans "lessons" . argentinians govt where stupid enough to believe the miracle solution that the americans (neo classics) and the IMF told them.

China did it its own way and its developping. conclusion : the IMF is full of shit
 

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Locust said:
#1 reason for Argentinian problem:

====> Argentinian people..
hahahah people like you just make me laugh... Let's kill africans, I mean they're poor because they want to...
 

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rocky said:
Well argentina last crisis is because of americans "lessons" .
Chile followed IMF and neoliberal policies, but is doing very well. Actually over the past 25 years, Chile has outperformed every other country in Latin America. Don't blame everything on the US. Argentina already declined from 1st world to 3rd world long before any lessons from the IMF.
 

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IvoK said:
hahahah people like you just make me laugh... Let's kill africans, I mean they're poor because they want to...

I say this.. because... the country is in constant `crisis' since I
have memory... and its people never learning of the lesson...

If the country is so rich in resources how could the country be
empovering... were it not for the corruption and people that
vote dishonest politicians....?
 

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Never lose hope, what's happening to the world nowadays is that only the elite countries gain positive things and negative to everything else. Look at China, this country as we all know was poor decades ago but look at China now, it can rival countries with the biggest GDP's. Always remember the age-old saying that "There's always a silver lining beyond the gray cloud" or somehing like it.
 

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make it so...
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^ 2/3's of china is still dirt poor. don't let the skyscrapers, the hype about the economy and coverage about prosperity for a few lucky ones in the cities fool you. the fact that china has 1.4 billion people would make it natural to have a high GDP but that huge GDP means diddly squat to the 900 million living in poverty in the slums and the countryside.
 
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