Argentina: Postwar Blues

A turnaround on economics

The news was grim but not surprising. According to Argentina's newly appointed Economics Minister José Maria Dagnino Pastore, his country's economy was in a "state of collapse without precedent." Radical therapy was needed. In a televised 18-min. speech, Dagnino Pastore announced last week what amounted to a 180° turnaround in economic policies. Argentina will move away from the liberal, free-market approach that has been an aim of the country's military government since it took power in 1976 and back toward the kind of protectionism that has been characteristic...

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