The recent Argentine debt crisis may seem an unlikely end for a country that was during most of the 1990s,like China today,a model reformer and the darling of international markets. But it should not have come as a surprise.

• 在20世纪90年代的大部分时间里，阿根廷像如今的中国一样，一直是改革的榜样和国际市场的宠儿。因此最近阿根廷的债务危机看起来是一个令人意外的结局，但是这一切又在情理之中。