argentina

How Useful Is Modern Money Theory for Developing Countries?

October 9, 2019

MMT is gaining traction among progressives as an option for paying for massive government spending projects such as the Green New Deal. Even if it is useful for countries such as the U.S., can it be applied in developing countries? PERI’s Matías Vernengo says only to a limited extent.

Argentina's Economic Crisis Deepens as Macri Applies IMF Measures

Argentina’s Economic Crisis Deepens as Macri Applies IMF Measures

August 23, 2019

President Macri is trying to blame his predecessor and likely successor in office, Cristina Fernandez and Alberto Fernandez for Argentina’s steep economic crisis. However, the IMF plan he is applying lays out very clearly where the real blame lies, says CEPR’s Mark Weisbrot

Neoliberal Policies Are Tanking the Argentine Economy

Neoliberal Policies Are Tanking the Argentine Economy

March 22, 2019

Even with the IMF’s largest loan ever, Argentina cannot seem to avoid rising unemployment, high inflation, and recession. CEPR’s Mark Weisbrot explains that this is because they are following the usual failed neoliberal recipe

Trump's "Coalition of the Willing" Against Venezuela Has Legitimacy Issues of Their Own

Trump’s “Coalition of the Willing” Against Venezuela Has Legitimacy Issues of Their Own

March 10, 2019

Many right-wing South American governments that are supporting Trump’s effort to oust Venezuela’s President Maduro have their own legitimacy issues, such as Brazil and Honduras. Others are deeply dependent on the US, such as Argentina and Colombia. CEPR’s Mark Weisbrot analyzes the coalition

The IMF is at it Again in Argentina's Economic Crisis

The IMF is at it Again in Argentina’s Economic Crisis

December 20, 2018

Now that Argentina received the International Monetary Fund’s largest loan ever, of $56 billion, it is recommending more austerity, which, as the data so far shows, will only prolong the country’s economic crisis, says CEPR’s Mark Weisbrot

IMF is Back in Business in Latin America - Just as Neoliberal as Always

IMF is Back in Business in Latin America – Just as Neoliberal as Always

November 16, 2018

Following a prolonged loss of influence in Latin America in the first decade of the 2000’s, the International Monetary Fund (IMF) is back again, flexing its muscle in Argentina and Mexico, pushing the neoliberal Washington Consensus, says Vijay Prashad

US Government Setting the Terms for Argentina's Bailout?

US Government Setting the Terms for Argentina’s Bailout?

September 27, 2018

In a rare admission, Trump’s economic advisor Larry Kudlow admits to the US government’s involvement in bailing out Argentina, even though officially it is the International Monetary Fund that is behind the deal. We speak to CEPR’s Mark Weisbrot about the implications

Why is Argentina Entering into a New Economic Crisis?

September 5, 2018

CEPR co-director Mark Weisbrot lays out the roots of Argentina’s latest economic crisis, which have to do with the government’s massive foreign borrowing spree, deepening austerity measures, and rising Federal Reserve interest rates

The Role the US Played in Reversing Latin America’s ‘Pink Tide’

July 29, 2018

A mere ten years ago almost all countries in South and Central America had left or center-left governments in office. Now only a handful remain. How did this happen? We speak to CEPR’s Mark Weisbrot about how Under Secretary of State Thomas Shannon might have described to Secretary of State Mike Pompeo the US effort…

Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis

July 23, 2018

The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the rest of the population, says the economist Michael Hudson