Loco-motion: Looking back on the first year of Argentina’s eccentric president
As economist Simon Kuznets said , there are four types of economies: developed, developing, Japan, and Argentina. Long before his time, a century and a half ago, Argentina was one of the world's richest nations, with a GDP per capita on par with those of Great Britain and the U.S. and exceeding that of Spain, its former metropolis. However, Argentina soon slipped from the cohort of developed nations in a dramatic turn that made Kuznets single it out as a separate type of economy.