Why did Argentina decide to decline the IMF loan while Turkey decided to accept it during their economic crises and what were the results?

The paper examines the contrasting recovery strategies of Turkey and Argentina following the 2001 economic crisis that severely impacted both nations. It highlights how Argentina adopted a defiant approach against the International Monetary Fund (IMF), leading to a unique recovery path, while Turkey complied with IMF directives, implementing a stringent structural adjustment program. The analysis underscores the significant social and economic repercussions of these differing strategies, providing insights into the broader implications for emerging market economies.