Argentina is a country that has experienced extreme periods of wealth and poverty. Its history is full of erratic changes
in
political, social and
economic conditions. Most recently, following a seemingly prosperous period, Argentina plunged into the depths of an economic crisis, the worst in its history. This paper shows that there are numerous circulating theories explaining why such a disaster occurred. Some blame the IMF's initial supportive stance, which then changed to a stringent handling of the country. The paper shows, however, that most convincing is the perspective that Argentina mismanaged the neoliberal reforms it implemented at the end of the last century. This theory purports that such political, social and economic disasters were inevitable considering the ineptness of the ruling administrations.