Argentina has been an economic basket case for decades. The short reign of Allende and the ensuing coup is not the reason for it. Millei‘s radical measures cut down on the rampant inflation but caused other issues. Argentina needing a bailout is a regular occurence.
You can go back to Peron‘s economic policies in the 1950s as the starting point for things going wrong, if you like. Deindustrialization in the 1970s was another major blow. The international debt of Argentina is mindboggling.
Country chooses communist system: US sanctions them, destroys economy and points to it saying “see communism doesn’t work!!”
Country chooses right wing asinine system: system collapses due to its own failures annnnnd the US rushes to save it…
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Argentina has been an economic basket case for decades. The short reign of Allende and the ensuing coup is not the reason for it. Millei‘s radical measures cut down on the rampant inflation but caused other issues. Argentina needing a bailout is a regular occurence.
You can go back to Peron‘s economic policies in the 1950s as the starting point for things going wrong, if you like. Deindustrialization in the 1970s was another major blow. The international debt of Argentina is mindboggling.
https://en.wikipedia.org/wiki/Economic_history_of_Argentina
Allende was in Chile. Wtf are you talking about?
Allende was Chilean, not Argentinian.
This is called the Japanese Miricle.