Hoover High School's trusted views since 1948

The Viking Views

Hoover High School's trusted views since 1948

The Viking Views

Hoover High School's trusted views since 1948

The Viking Views

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World Map: Argentina 12/6/23

“Javier Milei, the anti-establishment politician who cruised to victory in the Argentine presidential election last week, has courted intense controversy with radical, provocative policy proposals and statements,” according to BBC Nov. 25, 2023. Milei proposed dollarizing the economy and eliminating the Argentine Central Bank to combat hyper-inflation, making the US dollar the national currency. However, this would require Congress approval and could even change the constitution. Economists question the feasibility of these plans, as they would weaken Argentina’s ability to manage domestic monetary policy. Argentina would be more vulnerable to external shocks involving the US dollar, such as sudden rises in oil and fuel import prices. Experts believe Argentina would need between US $35 billion to $50 billion to replace the pesos, which indebted Argentina currently does not have and may not be able to borrow easily. Milei’s apparent declaration of himself as a climate change “skeptic” could put him out of tune with the international majority of governments and leaders planning to gather at the COP28 climate conference in Dubai. Before his election, President Milei suggested freezing ties with Brazil and China due to his lack of communist pacts. However, after the election, no major break in relations was planned. Milei and his vice-presidential running-mate Victoria Villarruel also sparked controversy regarding Argentina’s 1976-83 military dictatorship.

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About the Contributor
Grace Dannemiller, International News Corespondent
Hello! my name is Grace Dannemiller. I am the International News Correspondent. This is my second year on staff. In my free time I have been writing and public speaking about neurodiversity and mental health. I hope to continue to pursue my passion for journalism as a career one day.