International Economics: IB Economics

An excellent Economist piece that looks at the state of the Argentinian economy, with an economy in pieces - crippled by hyperinflation - and as a result, an extreme candidate well-placed to win the 2023 Presidential election, promising to dollarize the economy.

But why is Argentina in this position? In short, decades of economic mismanagement: consistent overspending by successive governments, financed by printing money, high levels of borrowing, and trade controls that have prevented the efficient allocation of resources. The solutions are not straightforward, and might inflict substantial short-term pain, before the economy sees longer-term improvement.