|Buenos Aires, Argentina, Photographer: Diego Levy/Bloomberg|
Argentina is the only country in the world that was 'developed’ in 1900 and ‘developing’ in 2000.Extracted and paraphrased from an article on VoxEU dot org by Nauro F Campos 20 December 2014. He goes over a number of factors and theories to that try explain what happened. Near as I can tell they made some bad choices. You'd think they would learn. They've got a new head of the state oil company and he seems to be making some progress. Or not. We shall see how it does.
Once upon a time, Argentina was a very rich country. There is little disagreement that this time was in the period before WWI. Level of per capita income in 1913 in:
- Argentina (USD 3,797 in 1992 US Dollars) compared favorably to that of
- France (USD 3,452) and
- Germany (USD 3,134).
Some people have been suggesting that El Presidente Cristina Kirchner might be getting a little flakey.
On one hand I am inclined to believe this: 'Yes! That's the problem! That woman is nuts! Get her out of there and get the right man in there and things will quickly improve!'
But then I realize those suggestions may not have any merit, and they might have been made:
- just to create a fuss so as to garner more attention for the people making the suggestions and so make them feel important and/or increase their ratings, which leads to increased advertising revenue, or
- as part of a political attack to further destabilize Argentina, or raise opposition to El Presidente.