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Q. Illustrate why Argentina, one of the world's richest countries at the begning of the twentieth century, has become progressively poorer relative to the industrial countries. [An alternative question: What illustrate Argentina's regress from riches to rags?]
Answer: As typical, the respond is complex however the country's inward orientation and macroeconomic instability appear to be the major culprits.
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What exactly is IMF and why is it so important in helping Europe? How exactly does it help Europe and what effects does its help have on rest of the world?
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