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Argentina’s Post-Crisis Economic Reform
J. F. Hornbeck
eBook Edition: 2013

U.S.-Argentine economic relations have long history of mutually beneficial engagement. In recent years, however, they have been strained at times, in part because of Argentina’s struggle to maintain macroeconomic stability, and also because of specific policy choices that have made the business environment difficult to navigate since the country’s 2001 financial crisis. Following steep currency devaluation and the largest sovereign default in history, Argentina entered a deep recession with high unemployment and social upheaval. It brought to power a new government, and with it a shift in economic policy away from market-oriented policies toward greater government control of the economy in pursuit of “social equity.” The initial policy responses intended to restore order and address the most pressing social problems evolved into permanent social programs. Government policies introduced many distortions into the economy, including high inflation, which have required regular adjustments in the international accounts to maintain economic stability. These include managed trade, capital controls, and limited currency conversion, among other policies that have earned the ire of international stakeholders. (From author)

eBook Contents

Summary - U.S. Economic Interests and the Post-Crisis Political Economy - The New Macroeconomic Framework - Policy Issues – Outlook – Tables – Contacts

eBook License: Copyrighted (Personal Use Only)

Free PDF eBook - 347 Kb - 22 Pages