Argentina: differing economic analyses

The global financial crisis will hit each Latin American country differently. Analysts seem to think that Peru is best-positioned. The country is expected to have the highest economic growth of any South American nation in 2009.

Argentina seems to be another story. I came across this analysis by a Hertitage Foundation researcher. Disagree with it or not, it seems well researched.

Mark Weisbrodt, co-director of the Center for Economic and Policy Research, as offered his own interesting critique from a different perspective.

Comments

[noneya]

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[noneya]

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[changcho]

The Heritage Foundation's analysis is tainted by its ideology that free markets will solve any and all problems.

When the world economic troubles pass on, we will see who was right and who was wrong on Argentina. I predict that the Heritage Foundation report will prove to be flawed.

[Heather Ann]

I posted this comment on the Heritage foundation's report, and was then happy to read Mark Weisbrodt's more positive analysis.
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I was in Argentina in 1989 and lived through the hyperinflation. The resiliency of the people was awe inspiring. When Menem was elected president I worried over his sale of national property. I watched in 2001 as the banks closed to normal citizens and a corrupt few drove a parade of armored cars through Buenos Aires carrying cash out of the country. I saw the state bonds my sister-in-law, a teacher, was paid with - worth half of face value, paid 3 months late. When Kirchner took office he fired the corrupt and brought stability and growth. It is unfair to blame Argentina's current slowdown solely on internal policies, as the entire world is suffering economic woes.