Economy and Development

Argentine Peso Drastically Devalued

Wednesday, January 29, 2014 - 15:15

This past week the Argentine peso fell 11% below the American dollar, the steepest daily fall it has suffered in the past 12 years. The official exchange rate has reached almost 8 pesos to 1 US dollar. Since the economic crisis that hit the nation in 2001, many Argentines have shown little faith in their own economy. Instead, they purchase foreign currency to save rather than saving their constantly depreciating pesos.

The Legality of Child Workers in Bolivia

Wednesday, February 5, 2014 - 14:45

Being a six-year old in the United States means many things--few responsibilities, no stress, no problems. In Bolivia, however, this age symbolizes quite a different path: in some households, this marks the age where children begin to provide for their families in the only way that they can, through working. Thousands of children as young as six work in Bolivian silver mines. Each day, these children are responsible for carrying out one of the most dangerous jobs in one of the most impoverished countries of Latin America.

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