Economic history of Argentina assumed power, inflation was equivalent to an annual rate of 5000%, and output had declined sharply. In 1976, the era of import substitution was ended, and the government lowered import barriers, liberalized restrictions on foreign borrowing, and supported the peso against foreign currencies. That exposed the fact that domestic firms could not compete with foreign imports because of the overvalued currency and long-term structural problems. A financial reform was implemented that aimed both to liberalize capital markets and to link Argentina more effectively with the world capital market. After the relatively stable years of 1976 to 1978, fiscal deficits started
Politics of Argentina elected in 2015 and he came in with an opposite conservative agenda. He cut back on subsidies, took a hard stance against corruption, and has currently asked for a 50bn dollar IMF bailout. Some of the most important political-pressure groups in Argentina include: the Argentine Association of Pharmaceutical Labs (CILFA); the Argentine Industrial Union (manufacturers' association); Argentine Rural Society and CARBAP (landowners' associations); the Armed Forces; the General Confederation of Labor or CGT (Peronist-leaning umbrella labor organization); the Roman Catholic Church; students. Politics of Argentina The politics of Argentina take place in the framework of what the Constitution defines as