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Essay / Research Paper Abstract
A 5 page paper discussing whether MERCOSUR can be held responsible in any way for Argentina’s economic collapse in 2001-2002. MERCOSUR brought promise of increased trade with South American neighbors until the Argentine economy could improve to the point that it could attain membership in NAFTA. There were other factors at work, however, and the growth expected to originate with MERCOSUR-based trade never materialized. MERCOSUR could have no influence on factors such as tax structure, central banking and fiscal policy, all of which can be shown to have direct influence on Argentina’s economic collapse. Bibliography lists 7 sources.
Page Count:
7 pages (~225 words per page)
File: CC6_KSargEconCol2.rtf
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Unformatted sample text from the term paper:
being one of South Americas most promising economies, Argentina suffered economic collapse at the end of 2001 and did not see the beginning of any significant recovery until well into
the next year. The purpose here is to identify contributory factors and to assess whether the Latin America trade alliance MERCOSUR was involved in the collapse in any way.
Factors Contributing to the Collapse In its own inimitable way, The Economist muses, "The IMF is always in essentially the same fix" (Blame
game, 2002; p. PG). It exists in that ether between doing too much and too little, which it often does simultaneously. "It helped too much last year, throwing
good money after bad; to make things worse, it helped too little last year, failing to provide support when it was needed" (Blame game, 2002; p. PG). It demanded
austerity measures that the fragile political system could not sustain, yet appeared happy to allow the government to follow the same failing policies that had brought it to the brink
of collapse and finally pushed the economy over the cliff. Unemployment already had been an issue in Argentina well in advance of the
economic collapse. Argentina has suffered many types of economic angst in the past, and flat exports, decreased household demand and high unemployment were only viewed as being far too
normal. As a contributing factor, the point here is that the private sector was not in a position to spur economic growth in response to consumer spending. Consumers
had little to spend for any reason. One house of Argentinas Congress approved an austerity plan designed to eliminate the fiscal deficit (The
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