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1) Many times qe had "liberal" governments trying to fix it: Alfonsin, De La Rua, Macri. Even the de facto dictatorship tried to open up the economy. All of the
by leidenfrost 3y ago
1) Many times qe had "liberal" governments trying to fix it: Alfonsin, De La Rua, Macri. Even the de facto dictatorship tried to open up the economy. All of them failed.
2) Argentina is not poor. It's a rich country and their agriculture industry is one of the best in the world.
However, it's an industry with very little trickle down dynamics, compared to other fields like electronics or the service industry. You don't need that many educated people to export crude oil and unprocessed goods to the world.
A "pure" agricultural Argentina would be very financially stable, at the cost of having horribly high levels of inequality, with a (from my POV) inhuman quality of life for the average person.
And no country in the world would favor that.
- zeroCalories 3y ago1) And they continually get undermined by populists, just as is happening here. 2) Argentina has the GDP of a third world country. It is poor. You don't need natural resources to be a wealthy country, you need efficient industry. You will never get that as long as Argentina continues its populist policies. I'm not even against government spending, but the spending needs to be done tactically, like east Asian countries, not for "muh workers".