Sergey Poletaev: Could Argentina’s fate have been Russia’s, too? ...News

In the early 1990s, the economic policy of Buenos Aires was set as an example to Moscow but, 30 years on, what has it led to? In the 1990s, Argentina was often cited as an example of an “economic miracle” and Russia was advised to take the same economic measures as Buenos Aires: closely follow all the recommendations of the International Monetary Fund, remove trade barriers, sell key sectors of the economy to Western investors, eliminate the social sector, and make the dollar the official currency instead of the “rigid” ruble. A quarter of a century later, it has turned out that Argentina was indeed a good example

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