what caused the "economic crisis" in third world countries such as Argentina? why the IMF had to "bail them out"?
and is it something similar to what is happening now with the Fed. Reserve "Bailing out" the USA? again? is Fed. Reserve and IMF related? how?
OR THAILAND , VENEZUELA, ETC
- FredLv 71 month agoFavorite Answer
Generally it is bad or corrupt governments that cause a countries financial problems. In Venezuela the problem is the communist ideals of the government that have caused its financial problems Basically they made the same problem as in the USSR where inefficiency causes a country to fail. Then a bad government prints money to pay its workers and devalue the economy until it crashes.
- LudwigLv 71 month ago
They went mad and elected some dumb politicians who helped them commit national suicide. Like the USA has done.