International trade, finance, and investment policies in argentina
International trade, finance, and investment policies in Argentina encountered significant changes in the past decades. Alternating between an export-based development approach, import substitution industrialisation, the neoclassical paradigm of the Washington consensus, and government-led “neodesarrollismo”, the country’s external economic relations were repeatedly exposed to abrupt and drastic changes.
After the financial default and economic collapse of 2001, the country seemed to have come back to stable growth driven by a government-led policy which focused rather on the development of the real economy than on the financial sector – a policy which increased the industry’s international competitiveness and facilitated a current account surplus, thus opening the possibility to pay back foreign debt. This “Kirchnerismo” model, however, underwent changes during the last years. An overvalued peso, a rather low productivity growth, the re-nationalisation of key industries, and obvious manipulations of statistics reduced the inflow of foreign capital, lowered international competitiveness, and eventually endangered Argentina’s credibility as international trade and investment partner.
In this project, German and Argentine economists and lawyers discussed various aspects of Argentina’s economic policy regarding international trade, finance, and investment. The results were presented in a conference held at the Hochschule Mainz in June 2014 and published as volume 1 of the “Deutsch-Argentinische Wirtschaftsstudien | Estudios Económicos Argentino-Alemanes“.