Read the case studies and the articles and answer the questions. Please provide intext citing and APA style. The paper should be 3-4 pages. Attached are the case studies and these are the other resources https://www.usatoday.com/story/money/markets/2014/07/31/stocks-thursday/13400687/ https://www.businessinsider.com/argentina-default-2014-7 https://www.ted.com/talks/gordon_brown_global_ethic_vs_national_interest?language=en

This week we have looked at the interconnected nature of the global economy. This was a major factor in taking the 2008 banking/mortgage crisis in the US to a global scale. However long before the banking crisis of which we were most aware, there was a major crisis in Argentina. Inflation was out of control. Citizens were doing crazy things like running to the bank multiple times a day to convert Argentine currency to dollars in order to mitigate the impact. This seemed to be a local issue, confined to Argentina and the direct result of incompetence and corruption in government, but had both regional and global impact. The following film explains Gordon Brown's theory on "Global Ethics versus National Interests (Links to an external site.)." This can give some insight into the current situation in Great Britain in order to answer the fifth question. In December 2001, the Argentine government defaulted on $155 billion in public debt. This Wide Angle documentary describes the economic disintegration of the once affluent country, examining its political quagmire and the collapse of its currency. Showing various methods that citizens use to survive in a broken economy—ranging from the ingenious, such as barter clubs for exchanging goods and services, to the brutal, including outbreaks of rioting—the program demonstrates what happens when basic government services vanish. It also asks: how can the people of Argentina put their society back together? In addition, former World Bank Chief Economist Joseph Stiglitz talks with anchor Jamie Rubin. (57 minutes) Read the case: “A CURRENCY WE CAN CALL OUR OWN: POPULISM, BANKING CRISES, AND EXCHANGE RATE CRISES IN ARGENTINA, 1946-2002” in your coursepack. The case, “UNEARTHING THE ROOTS OF THE GLOBAL FINANCIAL CRISIS”, also in your coursepack, provides a good background on how the global economy is interconnected and some of the drivers for a global crisis. It will help in this assignment. Read the articles: Lopez, L. (2014). Argentina Defaults (Links to an external site.). Business Insider Carrig, D., & Strauss, G. (2014). Dow tanks on Argentina debt default, other fears (Links to an external site.). USA Today Armed with all of this information and using any additional research of your own, answer the following questions: What was the cause of Argentina’s hyperinflation? What was the Convertibility Program? Did it work or not? Why did Argentina decide to simply default on its debt? Why did that cause problems in the US markets? How does the Argentinian problem influence unease about Greece and Britain? Is it a fair comparison? Whose fault? Why? Dilbert cartoon Elbonia inflation Answer these questions by Sunday at 11:55PM.