ABSTRACT
During the 1990s, Argentina defeated hyperinflation with strict monetary rule and inaugurated a period of stability and growth with its economy well integrated into the global economy. In October 2010, Nestor Kirchner died and the apparent economic success plus the emotional impact of Nestor's death increased Cristina's popularity. She ran for re-election in 2011 competing against numerous opposition candidates, Eduardo Duhalde and Ricardo Alfonsin, the son of former President Raul Alfonsín, among them. Worried by the inflationary impact of devaluation, Duhalde decided to freeze public utility rates, particularly those of energy, transportation and communications. Kirchner and his economic minister could claim great success in reducing the debt in an amount that was similar to the amount of new bonds issued by Duhalde. The stated objective of the governments of Nestor and Cristina Kirchner was to increase employment.
