Argentin A Country Located On The South Side Of South America

Argentina is a country located on the south side of South America. It is bordered by the Andes in the west and the South Atlantic Ocean to the east, neighboring countries are Chile to the west, Bolivia and Paraguay to the north, and Brazil and Uruguay to the northeast. Argentina is the second largest country of South America after Brazil, and the 8th largest country in the world. Its total area is approximately 2.7 million km ². Argentina claims a section of Antarctica but has agreed to temporarily stop sovereignty disputes in the region as a signatory to the Antarctic Treaty. Argentina also asserts claims to several South Atlantic islands controled by the United Kingdom. With a population of more than 42.1 million, Argentina ranks as the†¦show more content†¦With the declaration of independence on July 9, 1816 and the military defeat of the Spanish Empire in 1824, a federal state was formed in 1853-1861, known today as the Republic of Argentina. Argentina’s Financial System a. Historical Overview The economic history of Argentina is one of the most studied, owing to the Argentine paradox, its unique condition as a country that had achieved advanced development in the early 20th century but experienced a reversal, which inspired an enormous wealth of literature and diverse analysis on the causes of this decline. Argentina possesses definite comparative advantages in agriculture, as the country is endowed with a vast amount of highly fertile land. Between 1860 and 1930, exploitation of the rich land of the pampas strongly pushed economic growth. During the first three decades of the 20th century. Argentina outgrew Canada and Australia in population, total income, and per capita income. By 1913, Argentina was the world s 10th wealthiest nation per capita. Beginning in the 1930s, however, the Argentine economy deteriorated notably. The single most important factor in this decline has been political instability since 1930, when a military junta took power, ending seven decades of civilian constitutional