Part 9/11:
While Argentina's economic narrative has been one marked by cycles of boom and bust, it is crucial to understand that the foundation of the nation's struggles lies not solely in protectionism or free-market policies but rather in its political and economic institutions. According to economists Daron Acemoglu, James Robinson, and others, inclusive political institutions are critical for fostering economic growth. Conversely, in Argentina, where a small elite has historically controlled political structures, the distribution of wealth and power has remained stagnant, hindering the country’s ability to adapt and thrive through economic transitions.