In the mid-20th century, Argentina was becoming a growing power in the southern hemisphere. Its energy and agricultural wealth were a tantalising draw for investors and talent fleeing post-war Europe. However, questionable financial management from various governments in the 1990s led to excessive volumes of debt, hyperinflation and, ultimately, an unprecedented currency crisis. But in only two decades, Argentina has returned as a new focus of investors and companies around the world. The newly elected government of President Mauricio Macri is working to recover the interest of American and European companies, which have announced levels of investment that were unthinkable a few years ago. Domestically, the country is drafting a series of reforms that will help improve macroeconomic fundamentals and ensure healthy levels of consumption, setting the stage for Argentina to again become a southern superpower.
Economic Roundup: Latin America: Time to build a bloc
Special Report: Argentina 2018 : Córdoba