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And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina

Name: And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina
Price: 21.99 USD
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Rating: 4.5 (117 reviews)

4.5 of 5 Stars: International - And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina

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Book Synopsis: 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.

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Discover the captivating story of Argentina's rise and fall with the compelling book, And the Money Kept Rolling In (and Out). In the 1990s, Argentina was praised worldwide for its efforts to join the ranks of wealthy nations. The IMF, the World Bank, and Wall Street all lauded Argentina's policies. However, the same institutions that once applauded Argentina turned their backs on the country when it suffered a devastating crash in 2001. This collapse led to social and political turmoil, a collapsed peso, and a severe economic downturn that left millions in poverty and a quarter of the workforce jobless.

Written by acclaimed author Paul Blustein, who is known for his gripping book on the IMF, The Chastening, this book offers an in-depth account of Argentina's rise and fall. Blustein conducted hundreds of interviews with top policymakers and financial market players, and extensively researched internal documents to bring readers a dramatic and well-documented narrative. Unveiling how the IMF turned a blind eye to Argentina's vulnerabilities and exposing the shocking conduct of global financial market players, this book sheds light on the scandals that rocked Wall Street in recent years, such as Enron, WorldCom, and Global Crossing.

Through captivating storytelling, Blustein emphasizes the elusiveness of hope and progress for the majority of humanity still trapped in poverty and underdevelopment. Don't miss this eye-opening account that highlights the fragile nature of economic success and the consequences of global financial influences. Get your copy of And the Money Kept Rolling In (and Out) and delve into this deeply impactful story today.

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