Argentina is an economically ambiguous republic, having experienced several ups and downs in the past century. This large state in the early XX century was one of the richest in Latin America, but due to inept policy of the authorities, it twice was on the verge of default and entered the list of third countries of the world. In 2015 Mauricio Macri was elected as the president, who in a short time was able to double the foreign exchange reserves of Argentina.
US and Venezuela have a very consensual relationship between each other because such relation is traditionally been characterized by trade, investment, and cooperation from both of the sides. But as the good and bad days are sides by side, the relations between these two countries plunged into worst level when the USA imposed economic sanctions on Venezuela because of the abuses against protestors during 2014-15 protests. The combative relations between the U.S.
The market was supposed to save the planet.
That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, would become cheaper, particularly as investment flowed into that sector and drove down the cost of new technologies.
And voila: The invisible hand would gradually turn down the global thermostat.
The month of January was a taste of what awaits us this year in terms of revenue. The 47 percent drop in oil exports, which amounts to a loss of 812 million dollars, could not be compensated by the 15.3 percent increase of automobile exports in the first month of 2015.
But the difficulties occur in a new principality. And firstly, if it be not entirely new, but is, as it were, a member of a state which, taken collectively, may be called composite, the changes arise chiefly from an inherent difficulty which there is in all new principalities; for men change their rulers willingly, hoping to better themselves, and this hope induces them to take up arms against him who rules: wherein they are deceived, because they
afterwards find by experience they have gone from bad to worse.