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Denison University

Publication Date

Fall 2019

Program Name

Argentina: Social Movements and Human Rights

Abstract

Nobel laureate in economics, Simon Kuznets, allegedly commented “There are four kinds of countries in the world: developed countries, underdeveloped countries, Japan, and Argentina” (Reyes & Sawyer, 2019). Since the mid twentieth century, Argentina has stood out due to the complexity of its ever changing economic and political orientations. Initially recognized as a growing nation with a booming economy, Argentina soon fell victim to macroeconomic instability. Inflation, growing deficits and most notably the assumption of foreign debt have plagued the country’s economy. Known for their tumultuous relationship with the International Monetary Fund, Argentina came to declare the largest sovereign default in history in 2001. Twelve years following their final payment to the Fund, Mauricio Macri’s administration returned to sign the country’s most recent agreement.

This investigation strives to review social actors’ interpretations of Argentina’s latest agreement with the International Monetary Fund under the government of Mauricio Macri. Considering the perspectives of sectors such as the current government, labor unions, social movements, the Catholic church, and political opposition, this study assesses the extent to which the latest loan is considered result loss of sovereignty for Argentina.

Disciplines

Development Studies | Economic History | Economic Policy | Growth and Development | International Economics | Latin American Languages and Societies | Latin American Studies | Macroeconomics | Political Economy | Regional Economics

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