... military rule and internal conflict. From the late 1940s to 1980s bad economic policies and political turmoil resulted in a stagnating economy. The government would run fiscal deficits because of irresponsible spending and low tax revenues from the poor economy, and to fix this problem would print new money, resulting in variable rates ... investors weary of investing in developing countries, and, consequently, Argentina suffered a recession. What began as a recession, would, through other external shocks and bad macroeconomic policy, eventually turn into the devastating economic crisis o...

• Word Count: 728
• Approx Pages: 3
• Grade Level: Undergraduate