Import substitution and the economic downfall of Argentina
At the beginning of the 20th century, Argentina was the fifth largest economy in the world. Many at the time expected it to rival the US economy. In the 1950s, Argentina’s gross domestic product per capita was twice that of Spain and three times that of Japan. Today, Argentina is a completely different story. It has defaulted nine times in total ...
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Import substitution and the economic downfall of Argentina
How misjudged policies led the economy astray ...
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