The First World War and Great Depression were hard on primary product exports, and, like many other Latin American countries, Argentina responded with import substitution industrialization. ... In addition to the effects of import substitution policies, the post-World War II Argentine economy further struggled because of military rule and internal conflict. ... In less than a year, inflation dropped from 1,344 percent to 29 percent, and by 1994 was as low as 4 percent. (4) Similarly, Real GDP initially grew at a rate of 10 percent, before leveling off at a more normal rate of about 5 percen...

• Word Count: 728
• Approx Pages: 3
• Grade Level: Undergraduate

Christine Lagarde, the finance minister of France, is set to begin her five-year term as the International Monetary Fund's managing director and chairman next month after defeating Mexican Central Bank chief Agustin Carstens. ... The fund was originally established in 1947 to aid failing economies in the aftermath of World War II. ...

• Word Count: 519
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate