This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: the U.S. dollar o Overvaluation of peso leads to trade deficit o MERCOSURCommon Market of the SouthArgentina, Brazil, Uruguay, and Paraguay Creation of a free trade zone that would eventually evolve into a full-fledged common market o Unemployment and high living costs De la Rua wins election against Menem after 2 nd term o Economy falls into deepest decline since 1930s o Drop in Argentinas trade in MERCOSUR o IMF grew disenchanted with Argentinas swelling public sector deficits Since then o Modest recovery...
View Full Document