A Season of Hope in Argentina
Challenge, 2003, vol. 46, issue 5, pages 37-58
Argentina is currently enjoying a season of hope. Incomes are growing again after a devastating recession. Its policies may provide an alternative to the prevailing ones of the Washington Consensus. As the author notes, the new establishment view--the so-called post- Washington Consensus--is not significantly different from the old one. The social costs of liberalization and public investment are again being overlooked in it, but perhaps not in Argentina.
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