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I'm not always in favor of what Christina does, but it is generally good to have a diversity of economic models active in the world, for the same reason biodive
by adjwilli 14y ago
I'm not always in favor of what Christina does, but it is generally good to have a diversity of economic models active in the world, for the same reason biodiversity is important.
While most of the world struggled with the 2008 economic crisis - and Europe still struggles with it - Argentina shrugged it off.
Imagine if another longer lasting crisis occurs within the US hegemonic sphere. Countries like Argentina, which have one foot outside that sphere, will be able to survive and perhaps even lead growth elsewhere.
Life times of economic crises in Argentina have taught Argentines to depend on no one but themselves, which means protectionism sometimes.
- Daishiman 14y agoWe shrugged it off because soy prices are at a record high and the state gets huge amounts of cash from those exports. Living and dying by the sword of commodities prices is not progress.
- wslh 14y agoArgentina is applying the same model every time! Just when the country is growing it is not about the model but about International conditions (commodities prices increasing 2x)