About the Program
Paul Blustein details the economic collapse of Argentina in 2001. The author contends that in the late 1990s Argentina employed new policies that were in keeping with the ideologies of the IMF, Wall Street financial institutions, and the World Bank. When these policies failed, the result was a complete collapse of not only the economic infrastructure of Argentina, but the government as well, affecting the lives of millions. Argentina defaulted on an $805 million loan from the World Bank on November 14, 2002.