Magazine article Foreign Affairs

Argentina’s Economic Reforms of the 1990s in Contemporary and Historical Perspective

Magazine article Foreign Affairs

Argentina’s Economic Reforms of the 1990s in Contemporary and Historical Perspective

Article excerpt

Argentina’s Economic Reforms of the 1990s in Contemporary and Historical Perspective BY DOMINGO CAVALLO AND SONIA CAVALLO RUNDE. Routledge, 2016, 296 pp.

From the early 1980s through the early years of this century, Domingo Cavallo served in a series of top economic policy posts in the Argentine government. Making use of his insider perspective, Cavallo and his co-author-his daughter, also an economist-seek to explain the extreme volatility of the Argentine economy. They divide Argentine economic history into two long eras: the Golden Age (1870-1914), when governments pursued a market-driven open economy and spent productively, but with restraint, on education and infrastructure; and 1945-90, a period marked by irresponsible populism, distortive state interventions, fiscal deficits, and runaway inflation. …

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