Is Argentina heading toward economic crisis - again? | CNBC Explains

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  • Published on Nov 1, 2019
  • A century ago, Argentina was one of the 10 richest countries in the world. Since then, however, a long series of economic crises have made it the only nation in modern history to regress to developing country status. CNBC's Sam Meredith explains what is behind its boom and bust cycle.
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Comments • 896

  • Nathan Nunes
    Nathan Nunes Day ago

    Current Indian economic situation

  • Juan Pablo Forero
    Juan Pablo Forero 3 days ago

    Argentina has two problems, one is the absurd politics of the FMI that have the believe their politics work exactly the same everywhere, no matter the country (and we have seen this is not true) and the biggest one, Populism.

  • Matias Alvarez
    Matias Alvarez 3 days ago +1

    Argentina has been in crisis since 1930. Nothing new to see here.

  • Anies ilahi
    Anies ilahi 3 days ago

    Messi will Nutmeg that Crisis

  • Akash Swain
    Akash Swain 3 days ago +1

    Argentina has two states - in crisis or between crises.

  • Tele Opinions
    Tele Opinions 4 days ago

    Me da pena por la gente del pueblo, los trabajadores que a veces llevan meses sin recibir su salario. Que coño hacen las clases más privilegiadas para beneficiar a todo el país no solo a ellos mismos? La misma pregunta para los politicos. Parece una nación gestionada por corruptos e incompetentes. Pero cuando salen de Argentina muchos (no todos) se creen mas que cualquier otro latinoamericano. Da vergüenza ajena!

  • agustin urbano
    agustin urbano 5 days ago

    Bienvenido a Argentina brother jej

  • Dom Lipski
    Dom Lipski 6 days ago

    Banning exports is not protectionism.Banning imports is. Nothing wrong with protectionism if you have the resources to be self sufficient, which Argentina do. Socialism, corruption and social manipulation has destroyed Argentina. If a true free market president with a pair of balls was allowed to run the country for 8-12 years you might see some change. Good luck Argentina.

  • joe 90
    joe 90 7 days ago

    Always problems..one corrupt country

  • MARC ALCOBER
    MARC ALCOBER 7 days ago

    Theyre all going to die

  • Chris Kelleher
    Chris Kelleher 7 days ago

    I came here after a video walking tour posted in July 2019. Beautiful city. Families in the park. Before the election of the Left and stock collapse. Sad. I hope the USA would shift trade to you over Red China. 🙏📖⛪🎄🗽.

  • Mikail Khajavi
    Mikail Khajavi 8 days ago

    Please cover Economics of Iran

  • WEIBIN SONG
    WEIBIN SONG 8 days ago

    Interesting thing is that many Argentinean especially government officials are still keeping a high nose in the air during their job engaged in foreign affairs. My tourist visa application online was rejected by the relevant authority- DNM, I guess it is related to documentation problems because the requirements on the DNM’s official website are quite ambiguous and insufficient. I never got an explanation even after sending several emails, and there is no refund of the application fee, which is US$50. It looks like the most idiotic thing I have done ever in my life, although this is not the first time I was cheated by this country.

  • Robert Appel
    Robert Appel 8 days ago +1

    Of course it is going to a catastrophe. Because the Socialist Party (peronistas) won the 2019 elections. It will be the next Venezuela.

  • The Observer
    The Observer 9 days ago

    Yes !

  • Joaquín Fritzler
    Joaquín Fritzler 9 days ago +3

    De la Argentina te vas 20 días y cuando volves cambió todo. Te vas 20 años y cuando volves no cambió nada.

  • MatiasFPM
    MatiasFPM 9 days ago

    Boi, we are inmune to apocalypses 😎😂😂😂

  • onceANexile
    onceANexile 10 days ago

    60:1usd

  • El dios Jabbar
    El dios Jabbar 10 days ago

    oh my god can this video get more neoliberal?

    • El dios Jabbar
      El dios Jabbar 9 days ago +1

      @MatiasFPM gil

    • MatiasFPM
      MatiasFPM 9 days ago +1

      Welcome to the modern world kid. Enjoy your stay!

  • Tomás Wagner
    Tomás Wagner 11 days ago +1

    Why? I can tell you why. Peronismo and corruption

  • SyncKid
    SyncKid 11 days ago +2

    Heading?
    It's been there

  • Alejandro Hernández
    Alejandro Hernández 13 days ago +1

    Why are the United States so manipulable? Do you think you live in the first world conference just because you have more money? papers? I will tell you some of the reasons why Spain is still a normal country, It is much more advanced than the United States, -Number 1 in organ donation, and blood - education and health totally free, you will be operated as many times as you want for free, even to an immigrant, - Prohibited firearms -country with the longest life expectancy in the world. , You live in a country where your representative is donald trump, you live in an authentic cartoon, civilization will advance cooperating, not competing. pushing all towards the same goal, with a single currency, with revolutionary laws and effort of all, for a distribution of wealth. that has to come this writing you are only delaying it, clinging to a burning nail, because you know that you really have nothing to offer, Thank God there are many bright and young people who are going to turn your country upside down. accept defeat sit down, let's talk and everything will work out even for you.

  • Hue Hue
    Hue Hue 15 days ago +2

    This is what you get when you vote for socialism.

  • Tin Nguyen
    Tin Nguyen 17 days ago

    thank you for sharing this useful data! Greatly appreciated

  • Adam Hussey
    Adam Hussey 23 days ago +2

    That headline has been true for the past 80 odd years.

  • K Anderson
    K Anderson 24 days ago +2

    The problems started with the commencement of the Peronistas.

  • Brayan Brayan
    Brayan Brayan 25 days ago

    It's the leftist government taking control over the country, I'm not saying the right is perfect, because they have made some mistakes but after turning left a lot of countries in south america like Venezuela, Uruguay, Argentina, etc are heading towards economic crisis or already are

  • Ignacio Kairuz
    Ignacio Kairuz 26 days ago +1

    This was once a great country invaded by populism and socialsm that lead to the worst politicians ever

  • Vinícius de A Batista

    AGAIN?

  • Tom Meyers
    Tom Meyers 26 days ago

    Low IQ races.... low IQ outcomes.

  • Tom Meyers
    Tom Meyers 26 days ago

    Feel the Caliente

  • BoxCatGuy
    BoxCatGuy 27 days ago

    Welp, time to man Falkland's defence
    🇬🇧🇬🇧🇬🇧💪😎

  • Phan Công
    Phan Công 27 days ago

    I love Argentina and expect it will have good future , it is still much better than miserably depraved Chile.

  • Draxis32
    Draxis32 27 days ago +10

    CNBC International: Is argentina heading toward economic crisis?
    *glass breaks*
    The sun in argentinian flag: _I AM THE ECONOMIC CRISIS_

  • Bailey M
    Bailey M 27 days ago

    Although quickly glossed over social welfare systems is the reason, aka the same "Democratic Socialism" Democrat candidates are trying to change the US to

  • DC The Eyepoke Champ
    DC The Eyepoke Champ 27 days ago +2

    lol all they do is play runescape for money

  • Claudio Miranda
    Claudio Miranda 28 days ago

    Nobody trusts argies. Much less with $ matters

  • Nicks4004
    Nicks4004 28 days ago

    What a brilliant idea to explain Argentina's economic defeat directly from London, UK. Well done CNBC, nobody remembers Argentina X UK war.

  • Inw Youtube
    Inw Youtube 28 days ago

    Trump: Another reason to build the wall
    Damn South American people do surely know how to drink and party without worrying about their economic crisis hahaha

    • Inw Youtube
      Inw Youtube 27 days ago

      @gaston almada Nah I'm a 3rd observer. I just my logics to come into conclusion.

    • gaston almada
      gaston almada 27 days ago

      ​@Inw RU-clip who said that? some hollywood movies? so why not thank the soviets or brits or frenchs who didn't enter the LAST year like the brave America did? who said hitler wanted to "rule the world"? like a cartoon title...why all of this?

    • Inw Youtube
      Inw Youtube 27 days ago

      @gaston almada America only fights for freedom. Had it not been America during WW 2, we could very well be living under Hilter's reign lol

    • gaston almada
      gaston almada 27 days ago

      they don't invent wars at least...

  • Eric Rodrigues
    Eric Rodrigues 28 days ago

    "ah shit, here we go again"

  • 476 Anno Domini
    476 Anno Domini 28 days ago

    Behold the Master Race

  • ZergforLoser
    ZergforLoser 28 days ago

    Is it even worth mentioning the glory almost a century ago? I mean you dont start to talk about pyramid if you want to discuss about Egyptian economy.

  • Jeff Belcher
    Jeff Belcher 29 days ago

    I smell a us backed coop

  • leo ferreira
    leo ferreira 29 days ago

    Peron Peron !!!

  • Jhonathan Cabrera
    Jhonathan Cabrera Month ago

    Argentina was never a developed nation. Not sure why it was the “first” to regress to “developing”

  • [Redacted] [Redacted]

    I'm so sick of this. It's fucking embarrassing...

  • Shaharyar Usman
    Shaharyar Usman Month ago

    Please show your insights regarding Pakistan's economy.

  • magnums_ferrari
    magnums_ferrari Month ago

    Has borrowing from IMF ever helped any country in the long run?

    • [Redacted] [Redacted]
      [Redacted] [Redacted] Month ago

      No. But its not all the IMFs fault. The countries are usually too screwed up to begin with.

  • Jo Molololo
    Jo Molololo Month ago

    Pay your bills , thats all they need but nobody but China will help and thats digging a bigger hole , do the people need a president like Trump ? Hmmm

  • Gustavo Drachenberg

    hahaah Dumbest question ever

  • Maly Nda
    Maly Nda Month ago

    Fake news, corrupt politicians and the IMF have pocket raped Argentina for decades.

  • Sigma Geranimo
    Sigma Geranimo Month ago

    Before they got a lot of oil.

  • romeas10
    romeas10 Month ago

    People are talking and talking but you do not anything about Argentina! Argentina biggest problem is that We can not feed all the poor in latinoamerica! Countries like chile, Bolivia Peru Paraguay and Venezuela must be responsible for their own people and they must stop sending their poor to Argentina they must take care their own people and they must stop sending poor people to Argentina to destroy our heald care, education etc etc!

  • It's Guille
    It's Guille Month ago

    Why did u eluded mentioning the 10 years of neoliberal economic reform before the 2001 crisis? And the current crisis is yet another response to Macri’s failed “best practices” economic reforms

  • Yeezy
    Yeezy Month ago +1

    why dont argentians focus on education and economy rather than football? why do those idiots keep voting for governments like that? they have no one to blame ecept themseleves

    • gaston almada
      gaston almada 27 days ago

      we never voted a goverment that bombs another country...

  • Bruce Burns
    Bruce Burns Month ago

    What a silly Question , of course, its their natural state of affairs simply because they cant let go of the belief in the Socialist Free Lunch Theory .

  • Manoel Santos
    Manoel Santos Month ago +2

    Thanks left-wing.

  • Naftali Solomon
    Naftali Solomon Month ago +14

    When Argentina elects Alberto Fernandez crisis is confirmed

    • Nehuen Carbonel
      Nehuen Carbonel 27 days ago +1

      is because of the crisis that alberto was elected not the other way around.

  • Belmont79
    Belmont79 Month ago +1

    Argentina:
    1. Live beyond their means.
    2. Borrow billions from bankers, financial markets...
    3. Promise them “structural reforms “
    4. Get the money and overspend
    5. Blame the crisis on foreign bankers and renounce payments.
    6. Have new elections and have the same cycle all over again.
    But mind you, it’s a capitalist conspiracy against the country.

  • Michael De santa
    Michael De santa Month ago

    Thanks to the IMF