Sample Economics Essays on Argentina

Argentina

Argentina is located in the South American continentand coversabout 43,710 square kilometers of water as well as approximately 2,736,690 square kilometers of dry land area. The country has a long Atlantic coastline, which stretches from Uruguay and River Plate and extends to Tierra del Fuego.It should be noted that Argentina is the 8th biggest country globally with a total area of 2,780,400 square kilometers. The country’s neighbors include Brazil, Uruguay, Bolivia, Paraguay, and Chile and also has control over regions such as South Georgia, Islas Malvinas, the South Sandwich Islands and parts of Antarctica. Markedly, the demographic profile of Argentina in terms of its population size is on the decline, and this can be attributed to the steady decline in the birth rate. Another reason for the decrease in the population size is the decline in the fertility rate of Argentina that started earlier than the rest of the Latin American countries and occurred rapidly between the 1950s and the 20th Century (Furtado, 2018). However, there have been improvements in the life expectancy among the young children in the society. Majority of the population consists of well-educated and working individuals.

The history of Argentina can be divided into four phases, which are the pre-Columbian period, the colonial time, the duration of nation-building, and the history of modern Argentina. The area was sparsely populated until the period of the European colonization when people started settling in the region. Argentina was declared independent in 1816 with one territory, one federal district, and 22 provinces. A large proportion of the Argentina residents are Europeans who possess a mixed culture of both the Latin Americans and Europeans. Argentina has been colonized by Spain for 300 years, hence making Spanish the official language. However, most of the country`s residents are bilingual since some speak the native language whereas others speak the foreign language. After being colonized by the Spanish, the country was later attacked by France as well as the British, which made the nation to have different methods of governance such as dictatorship and democracy (Romero, 2013). Although a democratic form of governance worked best for them, the country suffered from the great depression, which negatively affected its economy. Apart from political issues, the nation has also suffered from great economic issues due to inflation. Argentina`s economy thrives off from industries such as manufacturing, petroleum, and servicing. Also, due to the country`s fertile soils, they are the leading producers of wheat, maize, and beef.

Following the attainment of independence, there was a struggle for internal power that continued until Juan Manuel de Rosas befitted the governor of Buenos Aires Province. In 1853, a new constitution was adopted and later on in 1854, a new president was elected- Urquiza. Argentina city was named the federal capital in 1880 after peace had been achieved. During the period, Argentina had started to become a modern state, with new roads and railroads under construction. Thousands of European immigrants entered the country in search of a better life. For 13 years, Argentina was ruled under an oligarchy system. The alliance between the military and the landowners made the country recover from economic crisis and,on the other hand, brought about the emergence of corruption in the country(Di Tella, 2016). Whereas the relationship in trade between Argentina and Europe improved the economic picture, the majority of the residents felt that the leaders had sold out their foreign interests.

Since 2000, Argentina is one leading countries in Latin America from an economic perspective given that it has a GDP of over $600 billion (Frank, 2018). In recent years. Argentina has been undergoing economic revolution aimed at achieving sustainable economic development accompanied by social inclusion and integration into the world’s economy. In addition, Argentina has massive natural resources in agriculture and energy within whose territory covers approximately 2.8 million square kilometers. Among the Latin American countries, Argentina is the leading country when it comes to the reduction of poverty as well as boosting the region’s prosperity. Notably, the income of individuals in the bottom grew by 11%. Moreover, the committed to ensuring social spending, an objective it seeks to achieve through programs such as Universal Child Allowance that primarily offers economic and social assistance to children and adolescents forming part of the country’s population.

Argentina was once one of the richest economies in the world. However, according to the World Bank, the economy has fallen over the years. When it comes to prosperity, Argentina has been overtaken by other countries such as Brazil that are undergoing significant economic changes in recent years.  A poor economic policy was the reason behind the rise and fall of the country. An economic crisis has affected Argentina with the constancy of earthquakes, which ended up destroying family’s property as well as life plans. The inaugural of trade through Buenos Aires provided a remarkable external inducement to the economy in the coast (Frank, 2018). As a result, the merchants flourished, and the population in the city grew from 12,000to 50,000 by the completion of the period. Countrified production such as salted meat, tallow, and hides enlarged, and as a result, the port acquired control over the trade in exquisite metals, which amounted to about 80 percent of the state’s exports. The duration indicated the onset of an important shift in the equilibrium of economic power amid the interior and the coast as mining reduced and trade through the Atlantic became more significant (Frank, 2018).

In conclusion, Argentina is one of the several countries forming part of the South American continent covering approximately about 43,710 square kilometers of water and a further 2,736,690 square kilometers of dry land area. The country is the 8th biggest country globally with a total area of 2,780,400 square kilometers. The country’s neighbors include Brazil, Uruguay, Bolivia, Paraguay, and Chile and also has control over regions such as South Georgia, Islas Malvinas, the South Sandwich Islands and parts of Antarctica. The demographic profile of Argentina in terms of its population size is decreasing rapidly due to the steady decline in the birth rate. However, there have been improvements in the life expectancy among the young children in the society. Argentina was declared independent in 1816 with one territory, one federal district, and 22 provinces. Argentina was colonized by Spain for 300 years, which consequently made Spanish the official language. However, most of the country’s residents are bilingual since some speak the native language whereas others speak the foreign language. Since the attainment of independence, the nation has had different methods of governance such as dictatorship and democracy. Although a democratic form of governance worked best for them, the country has suffered from great depressions, which have negatively affected its economy. Among the Latin American countries, Argentina is the leading country when it comes to the reduction of poverty as well as boosting the region’s prosperity.

 

 

References

Di Tella, G. (2016). Political Economy of Argentina, 1880-1946. Springer. Retrieved from https://link.springer.com/chapter/10.1007/978-1-349-08041-0_1

Frank, A. G. (2018). The development of underdevelopment. In Promise of development (pp. 111-123). Routledge. Retrieved from https://pdfs.semanticscholar.org/846c/1a98dc6b5aec1463fb570ab7037a2e95e126.pdf

Furtado, C. (2018). Economic Development of Latin America. In Promise Of Development (pp. 124-148). Routledge. Retrieved from http://www.unife.it/economia/lm.economia/insegnamenti/development-economics/teaching-materials/laboratory-1/furtado-c-1976-economic-development-of-latin-america-second-edition-cambridge-university-press-cambridge-part-4-pp-100-130

Romero, L. A. (2013). A History of Argentina in the Twentieth Century: Updated and Revised Edition. Penn State Press. Retrieved from https://books.google.co.ke/books?hl=en&lr=&id=IhQuAgAAQBAJ&oi=fnd&pg=PP1&dq=Romero,+L.+A.+(2013).+A+History+of+Argentina+in+the+Twentieth+Century:+Updated+and+Revised+Edition.+&ots=4ZWNUulkv4&sig=uxz7iqYc8wx8q6BSRpZipyW6iSE&redir_esc=y#v=onepage&q=Romero%2C%20L.%20A.%20(2013).%20A%20History%20of%20Argentina%20in%20the%20Twentieth%20Century%3A%20Updated%20and%20Revised%20Edition.&f=false