5th Blog entry

Argentina's President-elect Macri lays out new course

Argentine President-elect Mauricio Macri said he would correct "mistakes" made by the outgoing administration, such as currency controls.

Mr Macri won Sunday's run-off election by a narrow margin over Daniel Scioli, who was backed by outgoing President Cristina Fernandez de Kirchner. He said one of the key problems was the lack of accurate information about the state of Argentina's economy.Mr Macri campaigned on a promise of change for Argentina.

Image copyrightEPA

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                                                                                                                                                                        Mr Macri says he wants more transparency

Independent analysts have been critical of official inflation figures since 2011, when the government changed the way it made its calculations.Some accused the government of President Fernandez of trying to mask the real numbers by changing its methodology.Mr Macri said that between now and his inauguration on 10 December, his team would try to ascertain "the real state of Argentina's economy".

From my point of view, Macri's ideas are very neoliberalistic. He is going to use the Neoliberal economic system.This system was used from 1970 to 2003. In the 2001, Argentina suffered in the flesh consequences of this economic system. At that time, several factories shut down and the "corralito" took place because the country went into default. Those problems led to Argentina to be in a devastating economic crisis. When Nestor Kirchner assumed the presidency, several economic issues were overcomed and the crisis started to diminish. Although still there are economic problems, we can consider that Argentina counteracted the crisis. But people choose a lider that would use the same model that led Argentina to its downfall. Another thing that I don't get is that middle class people voted a man who doesn't know what is poverty and the worker's need. He seems to lack of cultural background due to the fact that he has even talked about robots working as medics in hospitals and questioning about why the goverment has opened many univerisities. This man clearly cares about the big companies needs instead of middle and low social classes needs. I hope that Mauricio could make this country to carry out without bringing financial problems. 

Source: http://www.bbc.com/news/world-latin-america-34899227