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Doverhill
Singapore
เข้าร่วมเมื่อ 18 ม.ค. 2021
Making somewhat informative economics and finance videos that I find interesting and enjoy covering (and hopefully you too enjoy watching them)
Argentina's Economic History: Why is Argentina still so poor?
This is Argentina, a country that in 1908, was the seventh richest country in the world that had just surpassed Canada, Denmark, and The Netherlands. It was an export superpower that helped feed the majority of the European population, it had a stable and modern political system, and it had a well-developed education system that once had the highest literacy rate in the entire Latin America.
This beautiful and historic country of Argentina is one the best study case of what can go wrong within an economy, because everything that can go wrong, did go wrong. Throughout its history, Argentina has defaulted on its debts a total of nine times, and it seems like it’s only a matter of time before another one happens. Inflation right now is at 211%, and 40.1% of the people who live below the poverty line have been unable to afford basic necessities like food, fuel, and medicine.
So, how did Argentina become one of the richest countries in the world? And what mistakes do the country make to become the mess that it is today? In this video, we’re going to review the entire history of Argentina’s economy and the root cause of its economic problems. This is the economy of Argentina.
Sources:
latinaer.springeropen.com/articles/10.1186/s40503-019-0076-2 The rise and fall of Argentina and the impact of Institutional breakdowns
manifold.bfi.uchicago.edu/read/case-of-argentina/section/9905ef24-8c94-42ad-adf7-068efb4d9afb The case of Argentina
www.reuters.com/markets/argentinas-400-bln-debt-bomb-threatens-default-number-10-2023-12-13/ $400 billion debt bomb
www.econstor.eu/bitstream/10419/238412/1/787.pdf A brief history of hyperinflation in Argentina
oxfordre.com/latinamericanhistory/display/10.1093/acrefore/9780199366439.001.0001/acrefore-9780199366439-e-357 Commodities and Consumption in “Golden Age” Argentina
www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500002 The economic consequence of Argentine independence
zaguan.unizar.es/record/84206/files/texto_completo.pdf How Argentina became a super‑exporter of agricultural and food products during the First Globalisation (1880-1929)
www.semanticscholar.org/paper/Perils-of-a-Fixed-Exchange-Rate%3A-The-Collapse-of-Manning/3cc911ad673d797e7fd3f56d2003f532d450fa7e Perils of a fixed exchange rate
0:00 - Intro
1:52 - Argentina Under Colonial Rule
6:02 - Post-Independence Economic Transition
7:25 - The Rise of a Modern Nation
11:54 - World War 1 & A Slow Decline
14:58 - The Great Depression
20:06 - Argentina's Chronic Problem: Overspending
22:20 - The Rise of Inflation and Stagnation
24:40 - Back to the Free Market & Hyperinflation
29:18 - Fixed Exchange Rate Regime
32:20 - The Present Moment
Music by Epidemic Sound
Stock Footage by Storyblocks
#Argentina #Economy #Doverhill
about economics explained, about Finance and how money works, on Argentina's economic crisis, how it became so rich and how it is mared by hyperinflation and recessions today, This is an economics/finance video
This beautiful and historic country of Argentina is one the best study case of what can go wrong within an economy, because everything that can go wrong, did go wrong. Throughout its history, Argentina has defaulted on its debts a total of nine times, and it seems like it’s only a matter of time before another one happens. Inflation right now is at 211%, and 40.1% of the people who live below the poverty line have been unable to afford basic necessities like food, fuel, and medicine.
So, how did Argentina become one of the richest countries in the world? And what mistakes do the country make to become the mess that it is today? In this video, we’re going to review the entire history of Argentina’s economy and the root cause of its economic problems. This is the economy of Argentina.
Sources:
latinaer.springeropen.com/articles/10.1186/s40503-019-0076-2 The rise and fall of Argentina and the impact of Institutional breakdowns
manifold.bfi.uchicago.edu/read/case-of-argentina/section/9905ef24-8c94-42ad-adf7-068efb4d9afb The case of Argentina
www.reuters.com/markets/argentinas-400-bln-debt-bomb-threatens-default-number-10-2023-12-13/ $400 billion debt bomb
www.econstor.eu/bitstream/10419/238412/1/787.pdf A brief history of hyperinflation in Argentina
oxfordre.com/latinamericanhistory/display/10.1093/acrefore/9780199366439.001.0001/acrefore-9780199366439-e-357 Commodities and Consumption in “Golden Age” Argentina
www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212001011500002 The economic consequence of Argentine independence
zaguan.unizar.es/record/84206/files/texto_completo.pdf How Argentina became a super‑exporter of agricultural and food products during the First Globalisation (1880-1929)
www.semanticscholar.org/paper/Perils-of-a-Fixed-Exchange-Rate%3A-The-Collapse-of-Manning/3cc911ad673d797e7fd3f56d2003f532d450fa7e Perils of a fixed exchange rate
0:00 - Intro
1:52 - Argentina Under Colonial Rule
6:02 - Post-Independence Economic Transition
7:25 - The Rise of a Modern Nation
11:54 - World War 1 & A Slow Decline
14:58 - The Great Depression
20:06 - Argentina's Chronic Problem: Overspending
22:20 - The Rise of Inflation and Stagnation
24:40 - Back to the Free Market & Hyperinflation
29:18 - Fixed Exchange Rate Regime
32:20 - The Present Moment
Music by Epidemic Sound
Stock Footage by Storyblocks
#Argentina #Economy #Doverhill
about economics explained, about Finance and how money works, on Argentina's economic crisis, how it became so rich and how it is mared by hyperinflation and recessions today, This is an economics/finance video
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Thank you iam fbi Agent
Seems like the same problem as in Canada
13:14 😂😂
US essentially funded Japan for the mass civilian casualties and as an investment in the near future as a subdued ally.
Ireland: Yo bro, you can allocate your net-profits to evadde tax but be aware that it can inflate my national GDP. So... don't make it too obvious. Big multinationals: Bet. Also the same big multinationals: ...
Siberian jungles
Ahh yes the moneyless society of USSR. How they failed is a mystery
It never succeeded. Peak Soviet Union was the NEP times, ironically because they let agriculture exist without getting strangled by the state, while the state completely failed to industrialise. Said failure resulted in return to war economics, the deaths of millions, then a world war. Khrushchev did OK for a few years, bringing the economy close to 1913 levels, but it slumped again and never recovered. All statistics used during the Soviet period cannot be trusted due to the Economic Calculation Problem, that is, manipulating prices manipulates the profit and loss system, which is the only way you can tell if what you're doing is benefiting the average Soviet man. Then there's also issues with double counting in statistics, and the political pressure applied to statisticians, resulting in all the numbers being unreliable. Best we can say is that it's doubtful the Soviets ever recovered from the Second World War, or ever returned to 1913 levels. They had a lot of Steel, but making a bunch of Steel doesn't improve living standards, does it. It speaks volumes that after the Soviet Union opened up, their capital wasn't taken and consumed by making more consumer goods, but rather was melted down. The Japanese, the supposed best in quality for manufactured goods, would just buy up Soviet machine tools and melt them down for the metals they were made of, which is completely at odds with the idea of the capitalist wanting to accumulate more capital.
It NEVER "succeeded." It was built upon SLAVE LABOR.
It's funny how people take the country's official numbers, when they have literal incentives to look as good as possible, at face value
Its absurd to compare economies on the basis of growth alone and a standard smoke and mirrors trick used by politicians. It is not only possible but quite normal for countries having low gdb/capita to grow at significantly high rates than countries having a higher gdp/capita. I know which of the two I would rather live in.
Collectivisation was not crop sharing. It was a return to feudal slavery, serfdom. The farm serfs had no right to leave the farm to go work in the city.
Food consumption and calorie levels dropped after 1917 and in the post-war recovery didn't return to pre-revolution levels until late 1960s or something like that, and then being born there, I remember increasing shortages in the 1970s and 1980s, and eating bread dipped in sunflower oil with a sprinkling of salt because you couldn't buy anything. TIKhistory channel made a great video called " Did the Soviet Union EVER Recover from WW2? "
"CLYDE BUILT" I never understood why ship building didn't continue on the Clyde, as in cruise ships etc.. Nah we build war ships for BAE systems.. Glasgow is my city but it's frustrating when you look into it's past It had an extensive tram network (which had its own electricity separate from the grid) no trams now! It's got the 3rd oldest underground system in the world - yet was never extended, even though there are underground tunnels built.. Llke he said in the video, our population declined heavily! It's like we were intentionally held back as a city City planners where either totally inept or it was some sort of corruption, knocking down whole areas to build a motorway through the city centre - only city in the UK with a motorway going right through it! St Enoch railway station.. probably the biggest or on par with central - just shut down & demolished..
Held back by parliament!!!
The problem in Brazil was you européans and americans along with our mainstream media who assassinated jair Bolsonaro´s reputation to put in power a corrupt drunkard who backs up crimalitiy, the brazilian mafia. Now they pretend dementia "asking themselves" what went wrong"... give me a break!
Not a single mention of the aggressive constant interference and sabotage by Western powers like the United States. Not a single mention of the dictatorship of the dollar and how Africa and Latin America are joining China in Russia in the BRICS movement to de-dollarize.
Unbelievable. You can tell if a so-called political commentator is legitimate or not on the way they framed the problem with Venezuela. Over and over whatever clown makes these videos says Venezuela's problem is how they manage oil. 😂😂 Yeah not the multiple coup attempts by the United States overthrowing a democratically elected presidents or imposing crippling economic sanctions like the United States has done to one third of the world and has kept Cuba under a 60-year blockade. Do United States has declared war on the global South in attempt to steal their oil they've done it with Iraq they've done it with Syria they've done it all over the Middle East they've done it with Africa Latin America They could have transitioned from oil long ago BUT BECAUSE OF THE UNITED STATES DEPENDENCE ON OIL, NOT VENEZUELA'S DEPENDENCE ON OIL, THEY HAVEN'T BEEN ABLE TO DEVELOP OTHER INDUSTRIES
Hey whoever watching me, I am just watching this out of curiosity.
Capitalism no longer breads innovation
Marxism of any degree is destined for failure and doomed to fail.
Buy a house in Sydney
Even if there are a couple of errors (I couldn't find any), the assessment is pretty much correct for a Brazilian who - after 4 decades - gave up on waiting for the chicken flight to turn into rocket bloom. For me, the complaints seem more like the usual "that hurts my ideology or bias, so it's must be wrong, and a single/couple of errors confirms my feeling".
Everything is legal until you get caught
There is one but. US sourced income is taxed at the source. Can you explain how Apple and other big ones get out of that? Corruption at the highest level?
Mate I don't know who you are or why this video was suggested to me. But you must live in another reality than I do. At 11:17 you claim that people "people in brazil spend 1501 hours on year on average attempting to keep up with regulations and pay their taxes". For those of us that live in reality, meanwhile, between 1500 and 2000 hours is how many hours people generally spend per year working. This just shows that you are totally disconnected from reality.
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But despite all this benefits and rich, the population growth keep decreasing
1. Norway population is comparably small 2. The government success on profitting the oil price
It's actually close to $1,9 trillion now, December 2024.
Simply amazing!
Both China and Vietnam saw growth after rejecting the Stalinesque central governed economy, and allowing for capitalism. That is the antithesis of the Soviet economy outside Lenin’s NEP.
When will you make another video? Your channel is very interesting
Why would I need this video? TH-cam?
Saying socialism can never work is wild
If you think Argentina is poor, you've never been in Argentina.
Anyone else look this up on TH-cam just to see the comments
Norwegian here, living in the US. As of late 2024 the fund is now up to $350,000 per citizen. NEVER giving up my Norwegian passport.
first time I realized that large wealth funds might not always want the development of deflationary tech
From experience, the easiest way to launder money is through buying stocks or crypto using an FA. They don't really ask questions as they're more interested in your money and when the payouts starts coming, its clean money. Funny thing is that you even get to still make a lot of profit on that money if you use a good one.
💯💯
Nice... This makes a lot of sense... I've been considering going into this stock thing for some time now but not for the reasons you mentioned... Heard its a nice way to make some extra funds... How do you get a good F.A and how expensive are they...
I don't judge man lol. You should start by looking out for those with strong records. Also make sure the person is registered. Personally, I use Marie, Kelly Matwick. She's not so popular but you might have heard of her. And from my experience, they're usually way cheaper than you would expect
LMAO
small world. Met this lady at our country club weeks ago. Had to go to her page to confirm that i wasn't mistaken. really small world
Good documentary, very informative and insightful 👍🇺🇲
YOU HAVE TO MAKE IT FIRST !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Basically communism/socialism for USSR/Russia was like taking steroids, it boost their economy by mass industrialization and rapid militarization guided by central planning but the same central planning was very inefficient to the point it quicky stagnating in 1980s
The Soviet economy was dependent on the US
How anyone could ever think socialism could work is beyond me
2nd largest, yes, successful not really.
I have 5k in my bank account.
it isn’t called money laundering because “it makes money appear clean” it’s because al capone mostly used litteral laundromats to “launder” his money.
Salt Lake City Utah at the 8:00 mark
There are a lot historical mistakes. There are was few famines in USSR plus crimes (like Holodomor or the same politics against Kazakhs) covered like a famine. Romania was under German influence before Great war, which wasn't Western county but had later alliance with USSR (Molotov Ribbentrop pact). Later Romania was under USSR influence. USSR occupied territory of Azerbaijan territory, as it was independent.
Tzarisr Russia was a rich economy in world terms.
Excellent resume of what happens in an urban based society where it sees money as the most pressing necessity. It forgets human needs and response times, totally ignored by transient political groups and large industrial consortiums. Such short sightedness is a shame but a current disease. Many thanks. Rmb5*
2024