The Achievements and Failures of Argentina's Neo-liberal Economic Policies

Werner Baer, Pedro Elosegui and Andres Gallo

Oxford Development Studies, 2002, vol. 30, issue 1, 63-85

Abstract: The stability of an economic policy regime depends in large measure on either its successful authoritarian imposition or on the general acceptance by society of the distributional status quo of assets and/or income. Although Argentina's Convertibility Plan ("Currency Board" system) brought price stability and growth to the country, the inability or unwillingness of the government to attain a fiscal adjustment threatened its survival. The "fight for shares" in this "conflict society" was inherited from previous regimes. We show that this fight, previously left unresolved through inflationary finance, was subsequently left unresolved through the rapid growth of indebtedness under the Convertibility Plan. From 1999 onwards, the contradictions of the Plan became increasingly obvious and it was clear that the key to future stable economic growth was dependent on finding a way to turn the "conflict society" into a "consensus society". The construction of such a society is still a pending task for Argentina.

Date: 2002
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/136008101200114903 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:oxdevs:v:30:y:2002:i:1:p:63-85

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CODS20

DOI: 10.1080/136008101200114903

Access Statistics for this article

Oxford Development Studies is currently edited by Jo Boyce and Frances Stewart

More articles in Oxford Development Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().