Latin America

A new pro-market project is brewing in Argentina

With public opinion tilting to the right, pro-business economists see an opportunity for “regime change,” comparable to the liberalization of the 1990s

pro-market argentina The leading opposition candidate at the moment is Buenos Aires Mayor Horacio Rodríguez Larreta
The leading opposition candidate in Argentina at the moment is Buenos Aires Mayor Horacio Rodríguez Larreta. Photo: Luisa Gonzalez/Reuters via Alamy

The economy in Argentina has not been a success story for decades. Governments of all stripes have failed to improve on almost any indicator, be it GDP, debt, poverty, inflation, or income distribution. Most have gone from bad to worse during each new presidency, and the center-left administration of President Alberto Fernández is proving to be no exception. 

A change of guard is due after next year’s election with the ruling Peronist coalition flagging in the polls, which is leading economists critical of the government to make plans for 2023.

Pro-business advocates, in particular, see the fact that Argentinian...

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