{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

12b.+Financial+crisis

12b.+Financial+crisis - INTA 1200-American Government...

Info iconThis preview shows pages 1–17. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full Document Right Arrow Icon

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

View Full Document Right Arrow Icon

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

View Full Document Right Arrow Icon

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

View Full Document Right Arrow Icon

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

View Full Document Right Arrow Icon

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

View Full Document Right Arrow Icon

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

View Full Document Right Arrow Icon

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

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

Unformatted text preview: INTA 1200-American Government Financial Crises ● Debt Crisis ● Liquidity Crisis Argentina’s Financial Crisis, 2001 (Debt Crisis)-Population = 41 million-Land area = 30 % size of US (8th largest country in world)-GDP = $550 billion (24 th largest in world)-GDP/capita = $13,900 (relatively wealthy)-Good standards of living, Western levels of life expectancy, literacy, etc. Argentina Buenos Aires Buenos Aires, ~1930 Buenos Aires, ~1930 Argentina’s Ruling Junta, 1982 Carlos Menem, President 1989-1999 • Switch to export-led strategy • Dismantle protectionism • MERCOSUR Free Trade Bloc • Reduce regulations on business • Privatize state-owned firms • Balance the budget • Adopt a fixed exchange rate Menem’s Economic Policies agriculture: 10% industry: 35% services: 55% Argentina’s Economy ~1997 Exports = 20% of GDP mainly to: Export partners Brazil 16%, US 11% Chile 11% Imports = 15% of GDP mainly from: Import partners Brazil 36% US 14% Germany 4% Argentina’s Economy ~1997 Asian Crisis, 1997 Russian Default, 1998 %-foreign lending up %-Argentina’s up Argentine recession + Govt/Private Debt up Asian Crisis, 1997...
View Full Document

{[ snackBarMessage ]}

Page1 / 44

12b.+Financial+crisis - INTA 1200-American Government...

This preview shows document pages 1 - 17. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online