> If anything, Argentina is known for being a economic rollercoaster fueled by populist after populist government. It never works out and the current situation seems like more of the same
As the saying goes, there are 4 types of economies. Developed, developing, Japan (stagnation for decades with no negative ramification as normally would be expected) and Argentina (basket case).
The negative ramification for Japanese economy is demographics.
This kind of stagnation with no serious full employment kills remaining hopes of future generation, prevents them from owning housing and causes negative birth rates resulting in further collapse of social security plus social problems.
As the saying goes, there are 4 types of economies. Developed, developing, Japan (stagnation for decades with no negative ramification as normally would be expected) and Argentina (basket case).