Austerity’s Cost
Argentina’s economic crisis has reached an alarming point, with poverty rates expected to surpass 50 per cent.
Argentina’s economic crisis has reached an alarming point, with poverty rates expected to surpass 50 per cent.
A century ago, Argentina was a model for development - it was ranked among the ten richest countries in the world, after Australia, Britain and the USA, but ahead of France, Germany and Italy. Its per capita income was 92 per cent of the average of the 16 richest economies. Indeed, the Nobel laureate economist Simon Kuznets who gave us the method for measuring GDP had remarked: "There are four kinds of countries in the world: developed countries, undeveloped countries, Japan and Argentina"
Explore the presidency of Javier Milei, Argentina's newly elected leader with a distinct libertarian vision, touching on key policy proposals spanning social issues, healthcare, and economic reforms.
Javier Milei secures victory in Argentina's presidential runoff, heralding a rightward shift amid economic discontent.
