Argentina's Comeback has Lessons for Poor World
Despite, not because of, the IMF
A few years ago, Argentina suffered rampant unemployment and widespread poverty, but prudent macroeconomic policies by its political leaders since then have allowed the country to stage a remarkable comeback. The economic medicine prescribed by its leaders mostly counteracted the policies preferred by the International Monetary Fund, a fact that may have some important implications for other developing countries, writes Mark Weisbrot.
Cristina Fernandez de Kirchner on Sunday 28 October 2007 became the first woman elected to the presidency of Argentina. Her victory is not difficult to explain. Her political party, under President Nestor Kirchner (her husband), led a dramatic economic turnaround that made Argentina the fastest-growing economy in the Western Hemisphere over the last 5 1/2 years ...
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Posted: 30 October 2007
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