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LatinNews Regional Monitor: Brazil & Southern Cone - 17 April 2019

Argentina’s poverty problem

Simon Kuznets, the renowned economist who was awarded the 1971 Nobel Prize in economics, famously said that there are four types of country: developed countries, underdeveloped countries, Japan, and Argentina. His singling out of Argentina was in reference to the country’s decline from one of the ten richest countries in the world pre-World War I, to being ranked 89th in 2017 according to GDP per capita, behind neighbours Uruguay and Chile.

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