Argentina: Entrenching Income Inequality

Kuat B. Akizhanov
Additional contact information
Kuat B. Akizhanov: Academy of Public Administration under the President of Kazakhstan

Chapter Chapter 6 in Finance Capitalism and Income Inequality in the Contemporary Global Economy, 2023, pp 125-152 from Springer

Abstract: Abstract This chapter examines the Argentine case, which is an emblematic example of massive redistribution in favour of the capitalist class, who not only applied typical neoliberal reforms but also managed deeply to embed monetarist policies in the Argentine political economy. The ruling class of the country managed to insert themselves into the niche of the global financial order to enjoy the benefits of the constant influx of foreign capital facilitated by the transnational debt architecture of the post-Bretton Woods system at the expense of increased income inequality. Financialisation in Argentina is described as state-led and debt-driven, where a convertibility regime took the central role in sustaining a neoliberalism-inspired strategy to accommodate upward income distribution. The vested interests of the economic conglomerates and financial circles prevented the abandonment of the convertibility regime escalating the amount of the sovereign debt.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-031-21768-5_6

Ordering information: This item can be ordered from
http://www.springer.com/9783031217685

DOI: 10.1007/978-3-031-21768-5_6

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().