Anonymous
Anonymous asked in Arts & HumanitiesHistory · 1 month ago

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?

Update:

OR THAILAND , VENEZUELA, ETC

2 Answers

Relevance
  • Fred
    Lv 7
    1 month ago
    Favorite 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.

  • Ludwig
    Lv 7
    1 month ago

    They went mad and elected some dumb politicians who helped them commit national suicide.   Like the USA has done.

Still have questions? Get your answers by asking now.