Wednesday, December 9, 2015

Macri's Challenge-Restore Argentina's Long-Lost Economic Power - The New York Times

Mauricio Macri takes over as president of Argentina on Thursday, promising to harness its vast natural resources and jettison populist policies to revive an economy that has for decades fallen short of its potential. If he gets it right, investment could stream into the country, given its Pampas grains belt, promising technology sector, highly educated work force and some of the world's juiciest shale oil deposits. Outgoing leader Cristina Fernandez is from the populist tradition of Juan Domingo Peron, and his iconic wife Evita, who expanded the reach of the state in the 1940s.

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