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Boom Or Bust? The country is enjoying newfound prosperity now, but another crash could well be on its way.(Argentina)(Cover Story)

Newsweek International

| May 10, 2004 | COPYRIGHT 2004 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Joseph Contreras

The famously fertile Argentine pampa is booming. A combination of record soya prices and the draconian devaluation of the Argentine peso has brought newfound prosperity to places like Carlos Tejedor, a farming town of 5,000 located 500 kilometers west of Buenos Aires. On the eve of Argentina's economic meltdown at the end of 2001, the town made national headlines when the six-figure debts of a local cattle rancher drove the father of three young children to commit suicide. These days the news coming out of Carlos Tejedor is decidedly more upbeat. New Chevrolet S-10 and Ford Ranger pickups roar through its streets, and soaring demand for ...

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