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Author: Michael Cohen
Publisher: Routledge
ISBN: 113650348X
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
This book examines the causes of the economic and political crisis in Argentina in 2001 and the process of strong economic recovery. It poses the question of how a country which defaulted on its external loans and was widely criticized by international observers could have succeeded in its growth and development despite this decision in 2002. It examines this process in terms of the impact of neo-liberal policies on the economy and the role of development strategy and the state in recovering from the crisis
Author: Michael Cohen
Publisher: Routledge
ISBN: 113650348X
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
This book examines the causes of the economic and political crisis in Argentina in 2001 and the process of strong economic recovery. It poses the question of how a country which defaulted on its external loans and was widely criticized by international observers could have succeeded in its growth and development despite this decision in 2002. It examines this process in terms of the impact of neo-liberal policies on the economy and the role of development strategy and the state in recovering from the crisis
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: World Bank
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
Author: William R. Cline
Publisher:
ISBN:
Category :
Languages : en
Pages : 111
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Book Description
Cline reviews the debate on the causes of Argentina's economic collapse in late 2001 and 2002 and examines the measures needed to help restore sustainable growth. Some analysts stress fiscal imbalances, others overvaluation of the peso under the convertibility plan, and others external shocks. Cline judges that all three contributed substantially, but that it was their inflammatory interaction with domestic political unraveling that forced the bad-equilibrium outcome. He reviews the nascent recovery since the second half of 2002 and the important success of avoiding hyperinflation. Looking forward, the author's analysis underscores the importance of strengthening fiscal performance, in part by increasing relatively low collections of value added taxes. He stresses the need for reform of the system of revenue sharing with the provinces; the importance of strengthening the banking system, which was severely weakened by asymmetric conversion of assets and liabilities from dollars to pesos; and the need to arrive at equitable restructuring of utility tariffs to reestablish confidence of foreign direct investors in the rules of the game. Restructuring government debt is also central to restoring growth. A simple model indicates that a relatively ambitious target for the primary fiscal surplus and a restricted set of senior-status debt will be needed to limit the haircut on junior debt to amounts compatible with longer-term creditor perceptions of fairness. The author also considers the new dynamics of bargaining with the International Monetary Fund (IMF). He judges that although conditionality is arguably appropriately less stringent as only rollover is involved, and despite the large outstanding debt to the IMF, there are limits to how lenient the Fund can and should be in key areas with potential for setting international precedents.This paper - a product of the Office of the Chief Economist, Latin America and the Caribbean Region - is part of a larger effort in the region to understand the causes of macroeconomic crises.
Author: Aldo Ferrer
Publisher:
ISBN:
Category : Argentina
Languages : en
Pages : 112
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Book Description
Study of economic conditions and the economic recession in Argentina - discusses external debt and inflation; gives an overview of proposals for economic policy, wage policy, employment policy, trade policy, monetary policy etc. For economic recovery. Statistical tables.
Author: Michael Cohen
Publisher:
ISBN: 9789292303730
Category :
Languages : en
Pages :
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Book Description
International narratives on Argentina's recovery from the crisis of 2001-02 tend to emphasize the role of rising commodity prices and growing demand from China. Argentina is said to have been 'lucky', saved by global demand for its agricultural exports. The international narrative has also been used by local agricultural exporters to justify their objections against higher export taxes during periods of high commodity prices. These narratives are not correct. Data on the country's recovery show that it was not led by agricultural exports but was fuelled by urban demand and production. When the Convertibility period ended and the peso was devalued in 2002, price increases for imports stimulated the production of domestic goods and services for consumers. This production in turn generated multiplier effects which supported small and medium-sized firms and helped to create many new jobs. This later produced a revival of the construction and then the manufacturing sectors as well. -- economic crisis ; urban sector ; economic recovery
Author: Tugba Gurcanlar
Publisher: World Bank Publications
ISBN: 1464816891
Category : Business & Economics
Languages : en
Pages : 123
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Book Description
Anew, innovation-led growth model would enable Argentina to increase economic stability and achieve stronger shared prosperity. Argentina can escape boom-and-bust cycles and accelerate its recovery from the COVID-19 pandemic with an innovation-driven economy that, in addition to factor accumulation, fuels higher productivity growth across all its sectors. Such a growth model should build on Argentina’s strengths in human capital, research, and firm-level capabilities, which would help diversify the economy and make it more inclusive and less susceptible to external shocks, providing the country with a stronger buffer at times of uncertainty. Despite the volatility of the past few decades, Argentina has been able to develop important pockets of success in high-end research and in frontier productive sectors such as biotechnology and knowledge economy. All of these should be better exploited and strengthened through public-private partnerships, targeted investments, and an enabling business environment to increase innovation’s contribution to economic growth. A resilient economic recovery will, in part, require a long-term vision and a policy framework that builds a sustainable national innovation system. To contribute to the strengthening of such a national innovation system, this report reviews holistically the innovation performance in Argentina, identifies some of the main gaps and strengths, and discusses appropriate policy responses. The report also examines regional differences in innovation performance and reviews the policy effectiveness of recent initiatives that have focused on industry and science linkages and knowledge-based entrepreneurship. The lessons from these impact evaluations and fi ndings of the comparative evaluation of Argentina’s innovation landscape are intended to provide guidance in the design and strengthening of existing and future innovation policies in Argentina.
Author: Bank of London & South America
Publisher:
ISBN:
Category : Argentina
Languages : en
Pages : 34
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper examines Argentina's current economic expansion, which is now more than five and a half years old, and that far exceeded the expectations of most economists and the business media. There are a number of policy choices that seem to have contributed to the recovery, some of them unorthodox and controversial. Among these were the Central Bankâ€TMs targeting of a stable and competitive exchange rate; Argentinaâ€TMs break with the International Monetary Fund (IMF) and its policy prescriptions; and the default on its debt and maintenance of a hard line with its international creditors. The paper suggests that Argentinaâ€TMs experience could have important implications for other developing countries.
Author: Gerardo della Paolera
Publisher: Cambridge University Press
ISBN: 9780521822473
Category : Business & Economics
Languages : en
Pages : 424
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Book Description
Table of contents
