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1 Burnside Latin America- Argentina

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And the Money Kept Rolling in and Out: Wall Street, the IMF, and the Bankrupting of Argentina

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And the Money Kept Rolling in and Out: Wall Street, the IMF, and the Bankrupting of Argentina Cover

 

Synopses & Reviews

Publisher Comments:

In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso, and a wrenching downturn that threw millions into poverty and left nearly one-quarter of the workforce unemployed.

Paul Blustein, whose book about the IMF, The Chastening, was called "gripping, often frightening" by The Economist and lauded by the Wall Street Journal as "a superbly reported and skillfully woven story," now gets right inside Argentina's rise and fall in a dramatic account based on hundreds of interviews with top policymakers and financial market players as well as reams of internal documents. He shows how the IMF turned a blind eye to the vulnerabilities of its star pupil, and exposes the conduct of global financial market players in Argentina as redolent of the scandals — like those at Enron, WorldCom and Global Crossing — that rocked Wall Street in recent years. By going behind the scenes of Argentina's debacle, Blustein shows with unmistakable clarity how sadly elusive the path of hope and progress remains to the great bulk of humanity still mired in poverty and underdevelopment.

Synopsis:

The dramatic, definitive account of the most spectacular economic meltdown of modern times exposes the dangerous flaws of our global financial system.

About the Author

Paul Blustein, a staff writer at the Washington Post, has covered business and economic issues for more than twenty-five years. He has also worked at Forbes Magazine and the Wall Street Journal. His work has won several prizes, including business journalism's most prestigious, the Gerald Loeb Award.

Product Details

ISBN:
9781586483814
Author:
Blustein, Paul
Publisher:
PublicAffairs
Subject:
Economic Conditions
Subject:
Economic History
Subject:
International - General
Subject:
International - Economics
Subject:
Economics - General
Subject:
Business-History and Biography
Copyright:
Edition Description:
Trade Paper
Publication Date:
20060431
Binding:
TRADE PAPER
Language:
English
Illustrations:
Y
Pages:
304
Dimensions:
8.25 x 5.5 in 11.8 oz

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Related Subjects

Business » History and Biographies
Business » International
Business » Investing
History and Social Science » Economics » General
History and Social Science » Latin America » Argentina
History and Social Science » Law » Schools and Careers
History and Social Science » World History » General
Science and Mathematics » Mathematics » Applied
Science and Mathematics » Mathematics » Differential Equations

And the Money Kept Rolling in and Out: Wall Street, the IMF, and the Bankrupting of Argentina Used Trade Paper
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Product details 304 pages Public Affairs Press (NY) - English 9781586483814 Reviews:
"Synopsis" by ,
The dramatic, definitive account of the most spectacular economic meltdown of modern times exposes the dangerous flaws of our global financial system.
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