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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. 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