Artículo
Reshaping the Economic Structure in Argentina: The Role of External Debt during the Macri Administration (2015–2019)
Fecha de publicación:
06/2021
Editorial:
SAGE Publications
Revista:
Review of Radical Political Economics
ISSN:
1552-8502
e-ISSN:
0486-6134
Idioma:
Inglés
Tipo de recurso:
Artículo publicado
Clasificación temática:
Resumen
Argentina’s right-wing shift in the 2015 presidential election concluded twelve years of center-left rule. The elected president, Mauricio Macri, claimed that the economy would experience normalization of existing imbalances and recover its strength in a “new political era.” However, the new administration quickly restored the dominance of neoliberal economic policies through a comprehensive set of initiatives, which centrally included the return to international financial debt and equity markets and submission to the International Monetary Fund’s (IMF) rules. This article analyzes Argentina’s external-debt-growth process and discusses its objectives and long-term effects. This paper posits that the indebtedness process carried out by the Macri administration—and its modality—not only increased the relevance of financial capital in the Argentine economy but also structurally conditioned any future nonorthodox alternative path of development. This outcome cannot be understood without taking into account the deliberate role of the United States, the IMF, and the top companies that operate in Argentina, as well as the complicity of many political sectors. JEL Classification: H63, F34, F63
Palabras clave:
ARGENTINA
,
EXTERNAL DEBT
,
IMF
,
NEOLIBERALISM
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Identificadores
Colecciones
Articulos(SEDE CENTRAL)
Articulos de SEDE CENTRAL
Articulos de SEDE CENTRAL
Citación
Santarcangelo, Juan Eduardo; Padin, Juan Manuel; Reshaping the Economic Structure in Argentina: The Role of External Debt during the Macri Administration (2015–2019); SAGE Publications; Review of Radical Political Economics; 53; 2; 6-2021; 237-249
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