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Essay / Research Paper Abstract
A 14 page paper discussing the economy of Argentina for the purpose of assessing the value of foreign direct investment in the country and the advisability of fixing exchange rates for the Argentine peso. Using others’ capital is always attractive as long as Argentines retain control over how that capital is used. Reverting to fixed exchange rates can appear to be appealing, but it likely is not except under specific conditions. In this view, freely-floating currency is seen as being the desirable condition. Bibliography lists 17 sources.
Page Count:
14 pages (~225 words per page)
File: CC6_KSargentEcon1.rtf
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Unformatted sample text from the term paper:
As is the case with most South American nations, Argentina formerly was a colony of Spain. It gained its independence in 1816 only to embark on a long history
of struggle between civilian and military factions further colored by conservative and liberal debates. Juan Peron assumed the role of dictator after World War II; a military junta took
control in 1976 (Argentina, 2000). Democracy emerged in 1983; there have been four free elections in the ensuing years. As has been
common in South America, Argentina has flirted with socialist leanings for decades. The will of the people seems to be rejection of socialism, but to date, capitalism has failed
to effect positive, lasting change in Argentina. The country has struggled to bring its economy under control for years. Background Argentina
is the long, triangular-shaped country comprising most of the land area of south central South America. It is bordered on the west by Chile and so has no Pacific
coastline, but its Atlantic coastline extends 4,989 km south of Brazil, extending to the tip of South America and Cape Horn. The northernmost areas of the country enjoy a
subtropical climate; central portions are temperate. Because Argentina is in the Southern Hemisphere, September is not an autumn month but one of spring. In July 2000, Argentinas population
was estimated to be 36,955,182. Its growth rate is only 1.16 percent, and average life expectancy in 2000 was 75.05 years (Argentina, 2000).
The primary political system is that of democracy. Argentina has had economic difficulties for years, and the government recently announced several austerity programs designed to bolster the economy.
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