Does the Argentine crisis point up a flaw common to all advanced capitalist democracies, or are that country's economic troubles strictly home-grown? In this week's briefing Pultizer-prize winning author Daniel Yergin considers the question. As you'll see in our photo essay Argentines do look a lot like North Americans. But our timeline reveals historical paths as distinctive as cowboys and gauchos. To compare the United States and Argentina across several statistical categories, see this week's info-graphic.
Aug. 1998 Argentina's worst recession in decade; unemployment hits 15 percent.
Dec. 2001 Default on $155 billion of debt -- world's largest. Pres. de la Rua resigns.
Jan.2002 Peronist Eduardo Duhalde becomes interim president. Peso decoupled from dollar.
April 2002 Banking and currency operations stop.
June 2002 Police kill two in anti-IMF/govt. demonstration.
July2002 Early elections called for March 2003.
Other Interesting articles on the PBS website.
TimeLine: Argentina’s Rocky Road to Modernity
Photo Essay: Argentina, from economic melt-down
to political crisis