Argentina erst was the wealthiest province in Latin America, but during the period ranging from 1999 to 2002 it became a display of economic and political bankruptcy. Economic difficulties in the country had been building up years before. In this essay I will identify the main causes of the economic crisis as puff up as the causes for the political crisis in Argentina. I will discuss the outcomes of these crises which range from the importance of the debt default and the public riots to the police repression and the surrender of the president. Finally I will analyze what effect this political and economic crisis had on Argentinas democracy.
In evidence to better understand the crisis of 1999 one must go masking to the moment when Carlos Menem stepped into power, and as a side note by that time the country was already into deep economic problem. It had an pretentiousness of 150 percent per month, and an external debt of 4 billion.
The president brought a rude(a) economics minister who introduced a broadcast that confiscated the savings of the middle class. Another policy of Menem was to privatize state-owned companies such as the telephone company. All this decisions were based on neoliberals principles, much appraised by the United States. Later Menem nominated Cavallo the new economics minister, another neoliberal who believed the market was the solution, and not the government, and as a result he created market-oriented reforms. Out of this ideology came the program of convertibility law, this law established a one-to-one replace between the peso and the dollar. Although this brought short-term beneficial results to Argentina, like a decline in...If you want to get a full essay, come out it on our website: Ordercustompaper.com
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