Economic groups and the rise and collapse of neoliberalism in Argentina

The crisis that Argentina has recently been facing is one of the first major economic crises of the new millennium, and has been dubbed a crisis of neoliberalism (Giarracca and Teubal 2004). This crisis reflects the collapse of the neoliberal model drastically implemented in the 1990s. In many ways this sets aside the Argentine case from the Brazilian, Asian or Russian crises of the decade, all of which occurred in the wake of state-led ‘developmentalist’ and/or ‘export-oriented’ economic strategies.