What illustrate argentinas regress from riches to rags, International Economics

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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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