Can Argentina’s next president fix the economy? Don’t count on it
Javier Milei still leads the polls. But the country needs more than dollarisation
There are four types of countries in the world: developed, undeveloped, Japan and Argentina. Decades after the Nobel-prize-winning economist Simon Kuznets is said to have coined this phrase in the 1970s, Argentina still stands out for its exceptional record for high annual inflation, which currently stands at a massive 138%. Could that be about to change? On October 22nd Argentines will vote in a presidential election. For the first time in decades, two of the three leading candidates are offering free-market solutions to the country’s many problems.
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This article appeared in the The Americas section of the print edition under the headline “Can Argentina’s next president fix the economy? ”
From the October 21st 2023 edition
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