ASSESSMENTS

The Myth of Argentina’s Failure

May 17, 2017 | 21:47 GMT

Why Argentina's economy cannot seem to break out of its boom-bust cycle.

(lenisecalleja.photography/Shutterstock)

For decades, Argentina has confused analysts living beyond its borders. The country boasts a higher standard of living than most of its South American neighbors, but its economy can't seem to maintain a boom for very long before it busts. Many have tried to explain this history of growth in fits and starts by pointing to a propensity for populism among Argentina's politicians. But an understanding of geopolitics shows that there's much more to the story -- and to the country's future -- than an economy doomed to underperform....

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