Argentina embraced US-style capitalism and adopted US-backed economic reform in the 1990s in the form of a fixed-currency system and unbridled free-market policies. ... Argentina needs a large scale international monetary aid and must develop an endurable economic plan in order to take proper fiscal and monetary measures to come out of the recession and the economic quagmire it has entrapped itself in. The IMF and US have set a number of conditions in order to enable Argentina to qualify for such international loans such as overhauling its tax system, fixing the problem of provincial overspend...

• Word Count: 506
• Approx Pages: 2
• Has Bibliography
• Grade Level: Graduate