The Political-Economy of Argentina’s Debacle

Marcos A. Buscaglia ()

William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: In this paper I argue that political-economy considerations –and in particular the identity of the reformers- are central to understanding the Argentine crisis. During the 90´s the main political parties remained attached to populism, and no strong party emerged at the center of the political spectrum. This had two effects in the reform process. First, it severely deteriorated it (efficiency, corruption), reducing the support of the population. Second, when a series of shocks hit the economy the anti-reform camp tried to undo most reforms, and thus convey a message to the population about the “right” model of the world.

Keywords: Argentina; Currency Crisis; Political Economy of Reform (search for similar items in EconPapers)
JEL-codes: E60 F31 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2003-04-29
New Economics Papers: this item is included in nep-lam and nep-pol
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