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What's behind right wing gains in the Venezuelan and Argentine elections?

Dec 12 2015
878markweisbrot

There are mistakes made in each country, but they don't negate the enormous progress they had in the 21st century, and didn't have when Washington was really making a lot of the policy decisions in the last two decades of the 20th century. My prediction is they will return not only to growth, but poverty reduction.

CEPR Co-Director Mark Weisbrot explains how recent right-wing electoral victories in Argentina and Venezuela are more a result of economic mismanagement by left governments than referendums on Latin American post-dictatorship socialism as the US media would have you believe, and why he believes growth will set the region back on track.

Mark wrote the Hill post What next for Venezuela? and the new book Failed What the "Experts" Got Wrong about the Global Economy.

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Mark Weisbrot

Mark Weisbrot is co-director of the Center for Economic and Policy Research.

 

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