Magazine January 22, 2018, Issue

Argentina Turns the Corner

Argentina’s President Mauricio Macri and Secretary of State Rex Tillerson. (Victor Caivano/Reuters)
Foreign investment and stable democracy have come to the land of Perón

Any college-level financial-history class includes at least one reference to Argentina, and potentially many more. The lesson is too tempting. Very few nations have experienced the kind of de-development that afflicted the southern republic, taking it from a wealth level comparable to those of Canada and Australia in 1900 to financial ruin a century later. And yet, after a momentous election in 2015, Argentina has made a triumphant return to capital markets: Investment is flowing in, inflation is declining, and growth is accelerating. The Economist has just celebrated Argentina as one of its “countries of the year” (though the magazine

To Read the Full Story
Pierpaolo Barbieri is the executive director of Greenmantle. His book, Hitler’s Shadow Empire: The Nazis and the Spanish Civil War, is out in paperback from Harvard University Press.

In This Issue



Books, Arts & Manners




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