Big Oil hopes Argentina’s shale oil and gas boom can rival the United States’. Backed by US dollar diplomacy, the boom has come at the cost of climate change, ecological damage, and encroachment on indigenous land.
2019 presented a complicated and mixed legacy for Latin America. Right-wing governments continued to make electoral in-roads, but popular uprisings against neoliberalism also left their mark on the region, says TRNN’s Greg Wilpert.
As President Alberto Fernandez and VP Cristina Fernandez take over in Argentina, expectations are high that the new government will reverse the neoliberal policies of the previous government and emphasize progressive social policies.
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.
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
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
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
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
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
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