Is Debt Destiny? Argentina, Emerging Markets, and the Future of Finance
"How could this happen?" Paul Blustein asked himself while dispatched to Argentina in the wake of its 2001 economic crash. Reports of shantytown residents in the street butchering Angus steers from an overturned truck and of starving children in a nation of agricultural plenty stood in stark contrast to previous impressions of the much lauded and booming Argentina—a country on its way, until late 2001, to joining the ranks of wealthy nations. Blustein explores Argentina's over-hyped rise and dramatic fall (which brought about 25% unemployment, the peso's collapse, and political and social chaos) and the role international financial institutions and market players played in both. His book reminds us that the path from developing nation to developed can be perilous, in this case yielding a Latin American Enron on the scale of the nation state.
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Overview
Paul Blustein will be joined by commentators and moderator:
Claudio Loser, Visiting Senior Fellow at the Inter-American Dialogue
Joseph S. Tulchin, Director of the Latin American Program, Woodrow Wilson Center
Kent Hughes, Director of the Program on Science, Technology, America and the Global Economy, Woodrow Wilson Center
Hosted By
Latin America Program
The Wilson Center’s prestigious Latin America Program provides non-partisan expertise to a broad community of decision makers in the United States and Latin America on critical policy issues facing the Hemisphere. The Program provides insightful and actionable research for policymakers, private sector leaders, journalists, and public intellectuals in the United States and Latin America. To bridge the gap between scholarship and policy action, it fosters new inquiry, sponsors high-level public and private meetings among multiple stakeholders, and explores policy options to improve outcomes for citizens throughout the Americas. Drawing on the Wilson Center’s strength as the nation’s key non-partisan policy forum, the Program serves as a trusted source of analysis and a vital point of contact between the worlds of scholarship and action. Read more
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