ABSTRACT
The chapter argues that globalization was a factor in Argentina's crisis. The globalization processes involved in contributing to the crisis took place through diffusion and were—as is characteristic of globalization processes—catalytic. The crisis resulted from a combination of factors, some of which were associated with economic habits that were outdated. Argentina took advantage of its options following the crisis somewhat wisely for short-term goals, but not for long-term goals. From the crisis and the ways in which Argentina attempted to manage it, one can usefully learn some things to do and some things to avoid in facing problems posed by globalization. The chapter provides a glimpse into the history of globalization in the Southern Cone of South America. It finally discusses an assessment of the situation today and a comparison with the current situation in other countries.
