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 Politics of Argentina The politics of Argentina take place in the framework of what the Constitution defines as a federal presidential representative democratic Republic, where the President of Argentina is both Head of State and Head of Government. Legislative power is vested in the two chambers of the Argentine National Congress. The Judiciary is independent of the Executive and the Legislature. Elections take place regularly on a multi-party system. The government structure of Argentina is a democracy it contains the three branches of government. The current Chief of State and Head of Government is President Mauricio Macri. Legislative Branch is