and I'd be very curious to find out what HN participants who are familiar with Argentina (I am not) think are appropriate lessons to take for other countries from the economic experience of Argentina.
Obviously this is just one opinion from an Argentinian but I think there are only two lessons. The other economic analysis (GDP growth) are explained because the country came from a really strong recession (subzero situation), and the commodities rocketed sky-high while the agricultural sector improved a lot in terms of efficiency. The rest of things remains the same: an hyper-corrupt country, without justice (except when the government pushes for specific cases), with a lot of poor people and people living of social assistance handled by government lords in change of favors (votes).
Lessons for other countries:
- You can renegotiate your foreign obligations (what is happening in Greece). The default is not the end of the game.
I have this advice: Argentina is the "hurt me plenty" or "nightmare" doom level but for business. Entrepeneurs from all the world come here to train. If they survive, they are ready for everything.
http://krugman.blogs.nytimes.com/2011/06/23/dont-cry-for-arg...
and I'd be very curious to find out what HN participants who are familiar with Argentina (I am not) think are appropriate lessons to take for other countries from the economic experience of Argentina.