Participants from Argentina at a conference

Participants from Argentina at a conference

Population: 43 million
Area: 2,8 million km2
GDP (PPP): 964,3 billion dollar (2015 estimate)
GDP per capita (PPP): 22 400 $ (2015 estimate)
Rate of growth: 0.93 % (2015 estimate)
Head of state and head of government: Mauricio Macri

Argentina gained its independence from Spain in 1816. In the aftermath of World War II, Juan Perón and his party ruled the country with an iron fist, until the coup d’état in 1976. Democracy returned to Argentina in 1983, but from then on, development has been turbulent. Carlos Menem, the president-elect of 1989, reformed the Argentine economy allowing it to develop for the greater part of the 90s. The privatization of state-owned companies was an integral part of this process. However, instead of resulting in increased competition, privatization often meant that old monopolies were transferred to private hands. This contributed to the turn of events that led to the collapse of what had been a relatively sound economy in 2001. People were not allowed to freely dispose of their assests since the access to bank deposits was frozen during the collapse of 2001.

Argentina’s foreign policy priorities are focused on increasing regional partnerships, including consolidating and expanding the MERCOSUR regional trade bloc and more deeply institutionalizing the Union of South American Nations (UNASUR).

In the presidential election, Mauricio Macri, from the centre-right Cambiemos (Let´s change) won the second round runoff and was inaugurated on December 2015 for a four-year term with 51,4 percent of the votes.

Cambiemos is a centre-right political coalition, formed through an agreement between the conservative Republican Proposal (PRO), the social democratic Radical Civic Union (UCR), the Civic Coalition (CC), and other small parties.

Mauricio Macri is the first democratically-elected non-radical or Peronist President since 1916. His presidency will oversee currency and fiscal adjustment, amid high inflation, rising fiscal and current-account deficits, and peso devaluation pressure. This will subdue growth, but combined with improvements to the business environment, should the stage for higher rates of growth in the medium term.

The next presidential elections are in October 2019.

In Latin America, a number of centre-right parties cooperate together in the Unión de Partidos Latinoamericanos (UPLA), a regional member of the International Democrat Union (IDU).

It is a stated goal of the Jarl Hjalmarson Foundation to educate female and youth decision-makers.

Read more about Latin America

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