For economists, Argentina is a perplexing country. To illustrate how difficult it was to understand Argentina, the Nobel Prize-winning economist Simon Kuznets once famously remarked that there were four kinds of countries: developed, underdeveloped, Japan, and Argentina. Kuznets thought so because, around the time of the First World War, Argentina was one of the richest countries in the world.
D. Acemoglu and J. Robinson, Why Nations Fail (2012), 384
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