You're right it doesn't necessarily lead to long-term sustainability, but it is a strong economic lever if used correctly. Argentina was considered equally rich

You're right it doesn't necessarily lead to long-term sustainability, but it is a strong economic lever if used correctly. Argentina was considered equally rich to Canada before WWII [1], and though Canada benefitted greatly from it's proximity to the US, Australia, has also managed their resources well, even though it is geographically challenged. This is compared to Argentina's mismanagement of finances and resources, which is what is being measured. https://www.vaia.com/en-us/textbooks/economics/macroeconomics-5th/macroeconomics-the-big-picture/q2-argentina-used-to-be-as-rich-as-canada-now-its-much-poore/#:~:text=Argentina%20and%20Canada%20were%20equally,rate%20was%20slowed%20over%20time https://www.vaia.com/en-us/textbooks/economics/macroeconomic....