{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Response Essay 1

Response Essay 1 - Carter Whittington Response Essay 1...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Carter Whittington Response Essay 1 Recently in Argentina, the worst drought in over 50 years has caused many people to worry about the kind of impact it will have on the country’s economy. The country already faces an 18 million dollar debt and this drought isn’t making anything any easier. According to the article, Argentina is in an “agricultural state of emergency” and has to act soon. One of the major impacts of this drought on the economy is something that we talked about in class, inflation. This is caused by the excess supply of the country’s currency, thus depreciating its value, and in turn adding pressure on the government to take money out of Argentina’s Central Bank. This would, however, weaken the exchange rate, devaluating the currency even more and worsening the economy. Another affect that the drought has had on the worsening economy in Argentina is that it has greatly reduced agricultural and livestock production and, thus, profits from exports. Experts there foresee a
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern