Argentinas economic status Essay Example | Topics and Well Written Essays - 2250 words

Argentinas economic status - Essay Example This research will begin with the statement that with 23 states and also an autonomous city, Argentina had been the second largest country in Latin America. Covering a total area of 2766890 square kilometers the country stands as the eight largest nations measured 30th in terms of population. The country had a fairly high per capita income in 1920 but suffered from severe political instability during the 80s due to the  economic crisis. The country was under 22 years of military rule and after that changed 25 presidents. Currently, the country is recovering from a severe downturn that it suffered owing to the 2001-02 economic crises. Reportedly the country has defaulted on debt in 2005 and then made a debt repayment of $9.5 million to IMF in January 2006. IMF even questions Argentina’s accounting measures and credibility of data especially the one concerned with inflation. Keeping this at backdrop the paper intends to present a study of Argentina’s economic status by looking upon its past history of economic crisis and also examining the extent of recovery from such a crisis currently. The country of Argentina situated in Latin America had been going through a political turmoil for many years along with disastrous economic conditions. Economic crisis followed by debt crisis has been piling up one after another. Currently, the country is facing the problems of high prices and persistent double-digit inflation.... To test such a hypothesis we first consider a brief history of the past economic problems and then address the current economic problem through various findings and analysis. We also look upon the technical and financial assistance provided by the developmental organizations World Bank and IMF. Literature review Several economists have analyzed and performed research studies on Argentina’s economic condition. A research study has been performed to get an idea of poverty prevailing in Argentina due to such economic conditions. The data has been collected from EPH which is the main household survey of Argentina. Real income has been taken as an indicator of poverty and inequality. Fall in real income (8%) for the years 1992-96 comes along with the increase in GDP (8.9%) for the same years. Such a discrepancy reveals an overestimation of GDP in the data provided by local Argentinean surveys. Some unaccounted income such as rent and capital income might also be a cause for such a dubious result (Gasparini). Growth incidence curves have also been used for studying the changes in income pattern. The curves have been below the horizontal axis and positively sloped. High inequality in income is revealed from such a study of income changing patterns (Gasparini). Poverty status of Argentina has been studied using poverty lines with three poverty indicators namely the headcount ratio, the poverty income gap and FGT. Value of poverty lines have been expressed in local currency units. The data has collected for the period 1992-06. Such a study has shown that although Argentina has somewhat recovered from the 2001-02 crisis it has not been able to eradicate poverty. With the crisis there has been

Andy Warhol - Ambulance Disaster Essay Example | Topics and Well Written Essays - 2250 words

Andy Warhol - Ambulance Disaster - Essay Example The essay "Andy Warhol - Ambulance Disaster" states the artwork of Andy Warhol called "Ambulance Disaster". Andrew Warhola, the birth name of Andy Warhol was born in Forest City, outside Pittsburgh, Pennsylvania in the family of Slovakia immigrants in August 6, 1928. After graduation from the Carnegie Institute of Technology where he studies pictorial design he moved to New York to work as a commercial artist for several magazines including Vogue, Harper's Bazaar and the New Yorker. He was also involved in advertising and arranging window displays for Bonwit Teller and I. Miller. That’s where he developed his unique sense of style. By 1959 Warhol was a successful advertising design professional. His numerous medals and rewards suggest of his professional career. He won several commendations from the Art Director's Club and the American Institute of Graphic Arts. Already in 1952 his first individual show at the Hugo Gallery, exhibiting Fifteen Drawings Based on the Writings of Truman Capote was launched. He had his first group show at the Museum of Modern Art in 1956. From the early start of professional career Andy Warhol produced images of male nudity in standard "artistic" poses as well as shocking sketches of masturbating men and depiction of same sex intercourse. His sketching and photographing male bodies supported his ability to maintain innovative and influential career. Still he attempted to gain recognition as a "fine" artist featuring â€Å"cupids, beautiful boys' faces.