Why does a country like Argentina continually experience one economic crisis after another? According to the Fraser Institute, Argentina ranked 160 out of 162 countries in its 2018 Economic Freedom Index, just ahead of Libya and Venezuela. Around the same time, the US Federal Reserve started to raise interest rates, sending shock waves through emerging markets, including Argentina. Argentina would likely fall back into a cycle of excessive spending, followed by another currency devaluation and ultimately another debt restructuring. Argentina must make significant changes to move off of the bottom of world economic freedom rankings.

Source: Forbes June 02, 2019 13:52 UTC