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Publication Date: May 2008
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): James M. Roberts
Research Area: Economics; Politics
Keywords: Argentine farmers; Latin American; soybeans; Kirchner
Type: Brief
Coverage: Argentina
Abstract:
Peronists Néstor Kirchner and Cristina Fernandez de Kirchner, the presidential couple who have ruled Argentina since 2003, have exploited record-high commodity prices to finance their leftist-populist policies. Keeping the peso artificially low, they have overheated the economy and stoked exports and inflation, heavily taxing the former and attempting to conceal the latter.