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I - In Overture: Argentina – Economic Status & Early Signs of a Crisis to Come:

Today, Argentina is arguably revered as the second largest economy in South America, after Brazil, and even considered as a considerable economic power in the world. That economy has been measured and weighed heftily, mainly due to a transformation of the political system that governs it. Up until 1983, the country was headed by a succession of military regimes, a state of affairs resulting in the economy being brought under the control of the state. Democracy was restored, but economic problems plagued early presidential terms. In the early 1990’s, then president Carlos Menem, adopted a new approach to public economics and put flagstones in place. Hyperinflation was a key problem and, in 1991, Menem addressed this by imposing a peso-dollar fixed exchange rate. He also aligned his plan on the neoliberal Washington platform and aimed to deregulate labor, liberalize trade, and privatize enterprises.......

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Approximate Word Count: 4649
Approximate Pages: 19 (250 words per double-spaced page)

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