[Download] ~ Eleven Years Later: What Went Wrong in Argentina (Predicting THE PRESENT) # by Harvard International Review ~ eBook PDF Kindle ePub Free
eBook details
- Title: Eleven Years Later: What Went Wrong in Argentina (Predicting THE PRESENT)
- Author : Harvard International Review
- Release Date : January 22, 2005
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 249 KB
Description
As part of the innovative symposium, "Predicting the Present," I have been asked to respond to the above quotation from my interview, "Secrets of Success: Argentina's Blueprint for Economic Prosperity," in the Harvard International Review, Fall 1994 issue. In 1994, when I gave this opinion, Argentina was completing four years of impressive growth and successful stabilization. At the beginning of 1995, Argentina was shocked by the Mexican Crisis that provoked a sudden stop in capital inflows and a deep recession. Nevertheless, by the beginning of 1996, Argentina was recovering very rapidly and its economy grew steadily until 1998. Overall, from 1991 to 1998, Argentina's GDP expanded at 6 percent per year, with the investment rate reaching 22 percent of GDP in 1998 and productivity growth averaging 3.8 percent per year. Inflation had disappeared from the Argentine economy. Until that time, events evolved exactly as I had predicted in mid-1994. [ILLUSTRATION OMITTED]
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