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Rich, Bankrupt Argentina
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"
Welcome
Travelogues
Rich Bankrupt Argentina
Argentina is racked by cruel contradictions, it is a rich country whose
government claims it cannot pay its debts.
More than two of the four months of this year´s trip were spent in Argentina.
The last time I was here, the peso was worth one US dollar. Argentina was expensive
so I did not linger... Now that the peso is down to three to the dollar, travel
here is no more expensive than in the neighbouring countries so I stayed longer to
try to understand how this confused and disorderly country got itself into the mess
it is in today.
At the turn of the 20th century Argentina was the richest and most developed of
Latin American countries. It could aspire to a future comparable to that of Canada
and Australia (GDP 22 500 & 20 200 $US/H HDI : 0.932
& 0.922). Instead, it has remained a third world country with 54% of the population
below the poverty line, an average GDP of only 10 300 $ US/H and a low Human Development
Index of 0,827.
It is difficult for me and even for Argentines to understand what went wrong but
several of them have expressed the opinion that their highly individualistic
character is partly responsible. A review of the country's history shows that most
if not all of its politicians have better served their personal interests than those
of the nation and that the people let them as long as their own individual interests
were not involved. This egocentric attitude is visible everywhere. Social discipline
is not common. To the average Argentine, a queue presents the irresistible challenge
to try to pass in front of the others; everybody complains about widespread corruption
but no one hesitates to give a cop a small coima to avoid a speeding ticket;
avoiding to pay the high value added tax of 21%"
....
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