Argentina's Comeback has Lessons for Poor World

Article no: EN20071030-Article-6.1-2007

Argentina's Comeback has Lessons for Poor World

A few years ago, Argentina suffered rampant unemployment and widespread poverty, but prudent macroeconomic policies by its political leaders since then have allowed the country to stage a remarkable comeback. The economic medicine prescribed by its leaders mostly counteracted the policies preferred by the International Monetary Fund, a fact that may have some important implications for other developing countries, writes Mark Weisbrot.