Argentina: The sound and the fury

“And then is heard no more: it is a tale Told by an idiot, full of sound and fury, Signifying nothing” Faulkner takes the title of his famous novel “The Sound and the Fury” from Macbeth’s soliloquy in Act 5, Scene 5 of William Shakespeare’s Macbeth. This novel has had an important and long-lasting influence […]

A Window of Opportunity for MERCOSUR?

Recent developments in growth theory emphasize the importance of the factors that can induce growth accelerations. Among such factors, trade and the integration with the global economy play a prominent role. In particular, a number of studies point to the key role of exports in growth accelerations. When MERCOSUR was first created, it was expected […]

A Window of Opportunity for MERCOSUR?

Recent developments in growth theory emphasize the importance of the factors that can induce growth accelerations. Among such factors, trade and the integration with the global economy play a prominent role. In particular, a number of studies point to the key role of exports in growth accelerations. When MERCOSUR was first created, it was expected […]

Argentina: Trying to eat one’s cake and have it, too

Two facts stand out concerning Argentina’s performance after the crisis. The country has been growing fast and the real exchange rate has depreciated. From the very beginning, the government argued that a depreciated real exchange rate was a pillar of its growth policy. In the period that followed the 2002 devaluation, the policy seemed to […]