Stabilization and its Discontents: Argentina's Economic Restructuring in the 1990s |
| |
Institution: | 3. Department of Mathematics, Computer Sciences and Engineering, Graphic Era (Deemed to be University), Uttarakhand, India.;1. Tokyo City Univerity, Tamazutsumi 1-28-1, Setagaya-ku, Tokyo 158-8557, Japan;2. Tottori Univerity, Minami 4-101, Koyama, Tottori-shi, 680-8552 Japan |
| |
Abstract: | This paper assesses the Argentine stabilization and market reform strategies since 1989. We argue that Argentina may be penned in by its own success: exchange rate targeting quelled inflation but the resulting real appreciation has limited export and employment growth; microeconomic reforms raised efficiency but have threatened income distribution and hence political stability; exclusive styles of policy-making helped enact reform but have led to corruption and policy insensitivity and contributed to rising social discontent. We close by suggesting how a “second generation” of reforms could tackle these issues and spread the proceeds of reform to a wider segment of the Argentine public. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|