Globalization in Argentina

1343 words 6 pages
Globalization in Argentina has affected the country in numerous ways. There are many positives and negatives. Until 1999 globalization seemed to be the reason the country was so prosperous. Pope John Paul II stated, “From the ethical point of view, can be positive or negative. In fact, there is an economic globalization which brings some positive consequences, as the phenomenon of efficiency and increased production and, with the development of relations between countries in economic, can strengthen the process of unity among peoples and make a better service to the human family. However, if globalization is ruled merely by the laws of the market applied to suit the powerful, leads to negative consequences. Such, for example, the …show more content…

and Europe. The impact of globalization has also created a boom in Argentina’s tourism industry because Americans and Europeans can easily and cheaply visit the country. Along with the increase in tourism, now a greater number of imported consumer goods are available in Argentina. In addition to the increased consumer goods the country also produces more food than needed so they export domestically and internationally. The main exports are soybeans, corn, wheat, and meat. Trade is an important economic element for the country. Now the GDP is increasing and the economy is in the recovery state. While the late 1990s seemed to be a time of great promise throughout much of Latin America and the world, all was not what it seemed. The negative benefits for Argentina are greater than the positives. The governmental corruption led to the economic downturn. The policies put in place benefited the upper class and hurt the lower and middle classes. The corruption has also led to the people of Argentina to no long trust its elected officials and this had led to 5 different presidents since 2001. The governmental turmoil has made citizens stop paying taxes. Without trust in the government people will not pay taxes since they do not know where their money is headed and without the tax money the government is still in debt. Argentina, like many other countries in Latin America and throughout the world, found itself getting


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