Though this article never directly mentions Argentina, I find it extremely relevant
http://www.economist.com/node/21549911?fsrc=scn/tw/te/ar/thebigwhy
"...some governments get it wrong on purpose. Amid weak and accommodating institutions, there is little to discourage a leader from looting. Such environments channel society’s output towards a parasitic elite, discouraging investment and innovation. Extractive institutions are the historical norm. Inclusive institutions protect individual rights and encourage investment and effort. Where inclusive governments emerge, great wealth follows."
http://www.economist.com/node/21549911?fsrc=scn/tw/te/ar/thebigwhy
"...some governments get it wrong on purpose. Amid weak and accommodating institutions, there is little to discourage a leader from looting. Such environments channel society’s output towards a parasitic elite, discouraging investment and innovation. Extractive institutions are the historical norm. Inclusive institutions protect individual rights and encourage investment and effort. Where inclusive governments emerge, great wealth follows."
