1. Argentina’s Race to the Bottom
- Author:
- Robert F. Noriega and José R. Cárdenas
- Publication Date:
- 03-2013
- Content Type:
- Special Report
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Argentina is the poster child for economic dysfunction in the Americas and stands as a cautionary tale of the perils of populist economics. The International Monetary Fund’s recent unprecedented censure of the Argentine government for cooking inflation figures is only the latest installment in a long fall from grace for what was once one of the world’s most productive economies. Moreover, under the presidencies of Néstor and Cristina Fernández de Kirchner, Argentina has alienated traditional allies such as the United States while reorienting its foreign relations toward radical outliers like Venezuela and Iran. US policymakers must continue to hold Argentina accountable for its failures to abide by its obligations to international financial institutions and work to thwart Argentina’s troubling alliances with rogue governments.
- Topic:
- Foreign Policy, Defense Policy, International Monetary Fund, and Populism
- Political Geography:
- Argentina, South America, and Latin America