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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

2. Mexico at an Impasse

Author:
Mark Falcoff
Publication Date:
03-2003
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
ecent events elsewhere in Latin America–specifically, an acute political crisis in Venezuela and a groundbreaking election in Brazil–have pushed Mexico off the front pages of American newspapers. Nonetheless, it is worth remembering that Mexico, our closest and most important Latin neighbor, is a major customer for our products and the source of many essential imports, most notably oil and gas. It is also a country with which we have intense cultural and human relations, far more indeed than most Americans realize. Its progress toward becoming an open and more modern society therefore deserves far more attention. President Vicente Fox is nearing the midpoint of a six-year presidential term. The next major marker will be elections in July concerning all the seats in the lower national legislative chamber, all the governorships, and the legislative assemblies in eleven of Mexico’s thirty-two states.[i] These elections inevitably will be interpreted in part as a referendum on Fox’s administration–the first drawn from an opposition party in more than seven decades. At the same time, they will tell us to what degree the ousted Institutional Revolutionary Party (PRI) has managed to reinvent itself and become nationally competitive in a more pluralistic and open environment.
Topic:
Foreign Policy, Defense Policy, Economics, Immigration, and Political Crisis
Political Geography:
South America, Latin America, and Mexico

3. An Emerging Populist Threat?

Author:
Mark Falcoff
Publication Date:
06-2001
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
On May 14, Jackson Diehl, the deputy foreign editor of the Washington Post, raised an intriguing question in an op-ed for that newspaper: Is Latin America about to “drift back toward its one-time status as semi-hostile territory for the United States”? Some of the evidence he cited was certainly enough to give pause. In Nicaragua, Daniel Ortega, that country’s former Marxist president—voted out of office in 1990—seemed poised to finally regain power later this year. In Peru, Alan García, the leftist-populist windbag—the consummate Latin demagogue, almost a caricature of the type—who drove his country to the verge of collapse in the 1980s, has reemerged as a presidential possibility in a runoff scheduled for June 3. In Brazil, Luiz Inácio Lula da Silva, the perennial standard-bearer of the Left, is leading in the polls for next year’s presidential race. “Even in El Salvador,” Diehl writes, President Bush “may see the election of former FMLN guerrillas.” As to Venezuela, the machinations of its president, Hugo Chávez, hardly require comment; he makes no secret of the fact that his principal foreign policy objective is to forge a new, worldwide, anti-U.S. alliance.
Topic:
Foreign Policy, Economics, Populism, and Hugo Chavez
Political Geography:
South America, Latin America, and Venezuela

4. Venezuela’s Tinfoil “Revolution”

Author:
Mark Falcoff
Publication Date:
04-2001
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
After forty years of politics as usual, Venezuela has suddenly become an object of curiosity to the world’s press. The reason is President Hugo Chávez, a forty-six-year-old former lieutenant colonel who first came to the attention of Venezuelans in 1992 when he and a group of other junior officers attempted to overthrow the government of President Carlos Andrés Pérez. Amnestied by Pérez’s successor, Chávez began a political career of his own, and in 1998, running as the candidate of the so-called Fifth Republic Revolutionary Movement (MVR), he was elected by a decisive majority. Two and a half years later, he is still an enigma—to Venezuelans, to the United States, and to everyone else. Given the centrality of his country to the oil producers’ cartel and, even more, given the current dependence of the United States on Venezuelan oil, he merits a closer look.
Topic:
Foreign Policy, Defense Policy, Government, Natural Resources, and Hugo Chavez
Political Geography:
South America, Latin America, and Venezuela

5. Latin Democracy and Its (Increasing) Discontents

Author:
Mark Falcoff
Publication Date:
09-2001
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
Though summer is still with us in the northern hemisphere, Latin America languishes deep in the winter of its discontent. Ten years after the international scene was transformed by the collapse of the Soviet Union and the end of the cold war, many Latin Americans have become disillusioned with their role in the new world order. The principal problem is that in spite of vigorous, in some cases drastic, market reforms, most of the region’s economies are in the doldrums. More to the point, in spite of a significant return of foreign investment to the area in the early 1990s, the number of Latin Americans living in poverty has increased. Public services have deteriorated or in some cases even disappeared. And crime is rampant everywhere, even in cities such as Buenos Aires, where until ten years ago inhabitants boasted-with reason-that their streets were safer at 3 a.m. than those of New York or Los Angeles in daytime.
Topic:
Foreign Policy, Defense Policy, Democracy, and Investment
Political Geography:
South America and Latin America

6. Argentina Votes–but for What?

Author:
Mark Falcoff
Publication Date:
11-2001
Content Type:
Special Report
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
On Sunday, October 14, Argentines went to the polls to culminate what must surely have been the most ideological, hard-fought, and potentially decisive legislative election in their country’s history. At stake were all seventy-two seats in Argentina’s senate (chosen for the first time by popular vote[1]) and half of those in the Chamber of Deputies. What made the exercise particularly fraught with political significance was the fact that—coming as it did in the third year of a deep recession—the outcome was bound to be unfavorable to President Fernando de la Rúa, now midway through his four-year term. Given the parlous economic indicators—a near record 16 percent unemployment, laggard or negative economic growth for many months, drastic cuts in social spending with apparently more to come—the fact that the opposition Peronist Party won control of the senate and a plurality in the lower house can hardly be considered a surprise. But more serious still was the fact that, with few exceptions, candidates from the president’s own Radical Civic Union (and its coalition partner) ran against him with equal, if not greater, zeal. To the extent that the election was a plebiscite on de la Rúa’s stewardship, the vast majority voted “no.” What it voted for, however, is far from clear.
Topic:
Foreign Policy, Defense Policy, Politics, and Elections
Political Geography:
Argentina and South America