industrtyLivestock is a big part of wealth Rich natural recourses Highly literate people 1989 menem took office huge external debts inflation reached 200% per month & output was plummeting . to combat this they had trade liberalization deregulation and privatization 1991 implemented radical monetary reforms inflation then fell sharply mex peso reached capital flight loss of banking system deposits and short lived recession in 1995 a series of reforms came about for the banking system gdp in 1997 reached 9% 1998 brazil then with high interest rates slowed a growth to 4.3%. then double digit unemployment rates aroused b/c of hard labor laws6% advance in 1994 by large inflows from x pts & strong domestic consum,ption Conclude assessment of the country’s success or failure and why you think so Citation footnotesfollowing decades of mismanagement and statist policies, the economy in the late 1980s was plagued with huge external debts and recurring bouts of hyperinflation. Elected in 1989, in the depths of recession, President Menem has implemented a comprehensive economic restructuring program that shows signs of putting Argentina on a path of stable, sustainable growth.Demographic indicators1980-19851985-19901990-19951995-2000Life expectancy at birth. in years70.271.072.173.1Male66.867.668.669.7Female73.774.675.776.8Annual average birth rate (thousands)23.121.820.819.9Annual average mortality rate (thousands)8.58.58.28.0Infant mortality rate per thousand born alive32.227.124.321.8Gross reproducction rate (per woman)1.51.51.41.3Total fertility rate (per woman)3.23.02.82.6Annual population growth rate (thousands)15.214.213.312.6Argentina has traditionally been one of the more prosperous Latin American countries. Unlike many of its neighbors, the country has developed a strong manufacturing industry and has become less dependent on agriculture. Argentina is one of the world's chief exporters of food and other agricultural p...
