Russia and Argentina have been, for different reasons, two important international actors over the course of the 20th century. During the 1990s, both countries have undergone a process of economic...Show moreRussia and Argentina have been, for different reasons, two important international actors over the course of the 20th century. During the 1990s, both countries have undergone a process of economic restructuring guided by the International Monetary Fund, at the end of which both experienced a financial crisis (Russia in 1998, Argentina in 2001). This thesis tries to place these events in historical perspective and share a snapshot on the similarities and differences of these experiments, according to the principles of world-system theory. The aim of the research is to determine whether there was a causal relationship between the neoliberal policies implemented at the beginning of the decade and the crises. A central finding of the research is that there is a specific trajectory of economic development and institutional response in semi-peripheral areas, which builds on the presence of weak democratic institutions and debt spirals.Show less
