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Argentina's recent economic implosion has policy makers and multinational corporations wondering whether the crisis will get worse before it gets better for Latin America's third largest economy.
Since December 2001 the country defaulted on $142 billion in international debt and floated its peso in an effort to gain stability. This year Argentina will mark its fifth year of economic recession.
Meanwhile, the Bush Administration announced it would try and win congressional support for renewal of the Andean Trade Preference Act. This trade benefit, exempting certain goods from Colombia, Peru, Bolivia and Ecuador from any tariffs, was originally designed as an incentive for coca-growing nations to develop other industries.
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