Unless Argentina can solve these problems, the possibility of becoming a developed country is almost zero.
Argentina also applied for assistance from the International Fund due to the economic crisis. The International Fund provided more than 50 billion U.S. dollars to the Central Bank of Argentina to stabilize the situation. This was the largest loan in the history of an international organization. Argentina had difficulty in restoring its economy.
, but also to repay loans from international funds. In this case, it is impossible to become a developed country.
Although Chile's current GDP is only about US$300 billion, its overall economy is not as good as Argentina's.
However, Chile is very rich in minerals, wood industry, agriculture and fishery, which can be said to be the four major industries of Chile's national economy.
In particular, Chile is extremely rich in copper resources. It can be said to be a big copper country. It also produces wood and pulp and has an export value of more than 20 billion US dollars in agriculture and fishery.
Relying on the economic drive of these industries, Chile has a good chance of becoming a developed country if it grows its economy. After all, Chile is not as unstable as Argentina in terms of domestic economic situation.
Although Chile is more promising than Argentina to become a developed country, judging from the current Chilean economy, there is still a long way to go before becoming a developed country. The Chilean government must develop its own advantageous industries and increase the export volume of products to make the economy prosperous.
Even greater improvement cannot be achieved by relying solely on the current economic conditions to become a developed country.