The Return of the State in Argentina

Abstract

Argentina’s economic collapse in December 2001 is seen as perhaps the most emblematic evidence of the failure of neoliberalism in the developing world to provide sustainable and equitable economic growth. A new policy frame has gradually emerged since the crisis which relies on a more active state in the promotion of growth. This article examines the prospects for state-led growth in Argentina in the context of open markets. It explores the policies implemented since 2002 and asks to what extent they constitute a possible route to stable post-crisis governance.