Lourdes Casanova, academic director of the Emerging Markets Institute at Cornell University’s Johnson School of Business and a member of several taskforces working on Latin America at the World Economic Forum, comments on Mauricio Macri’s victory in Argentina and says the president-elect will need to be fast and forceful with his agenda of change.
Casanova is available for interviews in Spanish. Bio: https://www.johnson.cornell.edu/Faculty-And-Research/Profile/id/lc683
Casanova says: “This election’s outcome is a major change. After 60 years of almost interrupted Peronism, only the third non-Peronist candidate has won the presidency - and the prospects point to tremendous consequences for Argentina and Latin America.
“We should expect more pro-U.S. and pro-business policies. Macri will have to be fast and forceful in pushing his agenda against the strong imprint left by 12 years of ‘Kirchnerismo,’ as the politics of late President Nestor Kirchner and his wife Cristina are known.
“The expectation of major change involves economic decisions as well as political. For decades, Argentina aligned itself with Socialist countries such as Bolivia, Venezuela and Ecuador. Now it is the first to distance itself from that bloc. Macri made that clear right after his victory on Monday by saying he would seek to suspend Venezuela from the Mercosur trade bloc.
“While his reform plan is ambitious, it is still unclear whether Macri will be able to unlock Argentina’s tremendous resources, especially commodities."
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