Argentina s Foreign Policy Argentina - 1059 Words

With a population of almost 42 million, massive stretches of land and terrains, Argentina is by no means a small country. Argentina makes up the whole southern half of South America, covering 2.8 million square kilometers (Geographia). Argentina contains some of the world s tallest mountain ranges, vast deserts, and large scale waterfalls (Geographia). Being the eighth largest country in the world with a large amount of natural resources, Argentina has the potential to join the leaders on the global stage. Although having latent potential, Argentina lacks the ability and experience to meet the requirements of stabilizing itself as a country. Argentina’s potential is accurately presented through its distinct sense of nationalism through certain aspects of culture and its ability to make effective foreign policy, but Argentina’s strong points are quickly overshadowed by its inability to stabilize itself economically and construct effective domestic policies. Argentina identifies itself nationalistically through its extremely passionate football culture. Sport and nationalism often co-exist, as sports provides a stepping stone for symbolic competition between two nations. The game of football did not exist in Argentina until the end of the 19th century (Barry). British immigrants introduced the Argentinians to the game in Buenos Aires, also the capital of Argentina. The Sport started to explode throughout the country and started to have a strong effect on the ArgentinianShow MoreRelatedArgentina: The Collapse of the Currency Board1595 Words   |  6 PagesArgentina is a large Latin American country located in the southern portion of South America. It is the second largest South American country, and it is bordered by the Atlantic Ocean, Bolivia, Brazil, Chile, Paraguay, and Uruguay (Nations Online, n.d.). The country gained its independence from Spain in 1816, maintains a republic government, and, as of 2010, had a population of approx imately 40 million (Nations Online, n.d.). It boasts a strong tourist trade as well as exportation to the U.S.Read MoreEssay on Argentinas Economic Disaster: The Government is to Blame1284 Words   |  6 PagesArgentinas Economic Disaster: The Government is to Blame Argentina is a country with rich natural resources and abundant educated and energetic labor. Yet it fails to pull itself out of a recession that has lasted for too many years, according to its citizens. Many blame the International Money Fund (IMF), foreign influence, or political corruption for their monetary woes. However, others believe that the Argentinean government is to blame for the high unemployment rates and increased povertyRead MoreImf And Negative Impacts On Argentina1082 Words   |  5 PagesThe IMF and Negative Impacts on Argentina The International Monetary Fund is an organization created in 1945 consisting of 187 member-countries with goals to foster a global cooperative monetary system, promote international trade growth and exchange rate stability, and maintain a multilateral system of payments. The IMF attempts to achieve these goals by surveilling the global economy, providing financial assistance through credits and loans, and by providing technical assistance. The organizationRead MoreA Review On Currency Devaluation1120 Words   |  5 PagesIntroduction Imagine you are in charge of economic policy in your country. Inflation starts to creep up. The value of your currency is losing ground which is making the debt you incurred even greater. Now your GDP is affected as you struggle, trying to figure out the best response for both short term and long term economic health. This is what Argentina faced in the late 1900’s after many decades of prosperity. Even the best intended responses to an economic crisis may or may not correct theRead MoreThe Limits to Macroeconomic Policy Essay1255 Words   |  6 PagesThe Limits to Macroeconomic Policy A country’s economy represents an equilibrium driven by the vast workings of many moving parts. Some of these parts include governments, policy makers, trade partners, international investors and banking authorities. Today’s technological advancements have made it easier than ever for monies to traverse national borders quickly and efficiently. This capability facilitates inflows and outflows of capital in response to signals. Not all of these signals areRead MoreArgentina Dirty War : Argentina1481 Words   |  6 PagesArgentina Dirty War Throughout Argentina and as well many other Central American countries during that of the late 1970’s, many were going through severe political upheaval. This political catastrophe coupled with various human rights violations pushed many people to the edge and out of their homeland. Economically drained and scared for their lives Argentines sought freedom and asylum within the United States. For many this was the start of something new in a foreign country with people thatRead MoreThe Mexican War Of Argentina1474 Words   |  6 PagesThroughout Argentina and as well other Central American countries during that of the late 1970’s, many were going through severe political upheaval. This political catastrophe coupled with various human rights violations pushed many people to the edge and out of their homeland. Economically drained and scared for their lives Argentines sought freedom and asylum within the United States. For many this was the start of something new in a foreign country with people that speak a foreign language. CourageRead MoreThe Current Debt Default Crisis1005 Words   |  5 PagesThis policy memo addresses the current debt default crisis in Argentina. Despite the fact that 93% of the bondholders accepted reduced payment due to the bankrupt of Argentina, the two hedge fund NML Capital and Aurelius Capital Management have demanded full repayment of the $1.5bn ( £920m) they are owed, and have sued to prevent the country from paying back only its restructured bond . To relief the dilemma after July’s ruling, the financial sector should persuade the 93% exchange bond holders waiveRead MoreArgentina s Post Crisis Economic Reform925 Words   |  4 Pageslargest sovereign debt default in history, Argentina entered a deep recession with high unemployment and social upheaval i. Brought to power new gov’t ii. With it, a shift away from market-oriented policies toward greater gov’t control of the economy in the pursuit of social equity b. Policies reflect priority for financial independence, social equity, and what may be considered a commitment to populist macroeconomic policies c. What stands out to many is the policy choices Argentina’s government has madeRead MoreBrazil, Mexico And Argentina1287 Words   |  6 PagesThe Brazil, Mexico and Argentina are the largest, most industrialized and most diverse economies of Latin America. The three became independent countries in the early 19th century and, at the end of it, slowly started their industrialization processes, which have intensified only from the early 1930. With the crisis of 1929 and the economic depression that followed, the industrialised countries started to buy less goods sold by the exporting countries of agricultural and mineral products. At