Argentina Must Not Waste Its Crisis (Project-Syndicate)

To explain Argentina’s chronic instability and episodic illiquidity, one must look beyond idiosyncratic leaders, temporary external shocks, and specific policy mistakes. The answer lies in the country’s political system, which has failed to cement institutions that can support long-term development.

https://www.project-syndicate.org/commentary/argentina-crisis-new-economic-reforms-by-kemal-dervis-and-sebasti-n-strauss-2019-10

Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Senior Fellow at the Brookings Institution – Sebastián Strauss is a senior research analyst and Coordinator for Strategic Engagements at the Brookings Institution. Follow him on Twitter

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