Cyclical crises, exemplified by Argentina’s repeated sovereign debt defaults, exhibit recurring patterns of financial distress, currency depreciation and external shocks. The Schumpeterian framework of creative destruction, created by Austrian economist Joseph Schumpeter, is particularly instructive, highlighting how economic crises periodically restructure inefficient or unsustainable systems. Simultaneously, financial fragility can precipitate collapses, as seen in Lebanon’s Continue reading Argentina’s Endless Cycle: Why Sovereign Debt Crises Keep Returning
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Saturday 18 October 2025
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Argentina’s Endless Cycle: Why Sovereign Debt Crises Keep Returning
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