Weathering the Storm: Argentina's Economic Success (2011) documents the volatile history of the Argentine economy in the past two decades. The video looks at the rise of Argentina as an emerging economy with strong manufacturing and services sectors, and the extenuation of foreign direct investment in the form of loans. The film addresses Argentina’s economy reform measures, and the country’s ingenuity in creation of adequate financial protections in the current recession.
In the post-democratic period of the early 1990s, Argentina’s economy emerged as a powerhouse trade partner; exceeding other South American markets. Ten years later the country saw the first signs of poor debt management, followed by currency devolution. At the turn of the 21st century, Argentina was once again the news in response to economic change, yet crisis was forthcoming, and a lengthy recession that led to serious woes for the nation’s citizens. Plagued by frozen bank accounts, disappearing pension funds, and unprecedented unemployment, Argentines took to the streets in protest against the country’s governing leaders.
Loan default and irresponsible monetary policy said to be the culpability of the crash, continues to be a subject within international finance, as the country attempts to recuperate more recent losses somewhat hedged against by the Paris Club, and its direct investment in the country. With Argentina’s government once again facing U.S. Supreme Court charges based on outstanding loan debt in 2015, this film is as timely as it is informative.
- ISBN 978-0-81608-985-7
- Run Time (25 Minutes)
- Copyright 2011
- Closed Caption (CC)