In most cases, though, the assistance hasn’t helped. Why? Largely because recipients have failed to address the main causes of their economic ruin — corruption, repressed economies, weak judicial systems and excessive state ownership of key enterprises.
Ana I. Eiras
Ana I. Eiras is an Economic Policy Analyst for Latin America and Brett D. Schaefer is Jay Kingham Fellow in International Regulatory Affairs in the Center for International Trade and Economics at The Heritage Foundation. Ana I. Eiras es Analista de Polít
Don’t Blame Capitalism, Argentina
A century ago, it was one of the seven richest nations on Earth. But that was long ago, well before it was racked by a lengthy recession and a climbing unemployment rate. Today, Argentina is a shell of its former self. The street riots that broke out just before...
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