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Cry for Argentina?
Eduardo Amadeo discusses whether Argentina can finally escape the mess it has made for itself
Why not? The country's inflation rate is approaching 150%. 40% of its people live in poverty. The currency is practically worthless. And Argentina is the IMF’s largest debtor because practically no one else will lend it money.
By any definition, the country is an economic basket case. However, unlike the rest of the world’s failed economies, Argentina has a well-educated population, innovative world-class tech sector, robust natural resources, and world-leading wheat, soybeans, and meat exports…
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