A Right Turn in Argentina

Argentina was no stranger to Latin America’s so-called “left turn” during the past two decades, but recent developments suggest that saga may be coming to a close. After two rounds of dramatic elections in October and November, Argentinian President-elect Mauricio Macri will take office today in what analysts are calling a historic change for Latin America’s third largest economy. Macri’s election is likely to significantly alter Argentina’s political and economic trajectory over the coming years, and may be representative of a new “turn toward the center” in the region.

Macri’s win came as a surprise to many. Polls ahead of the October 25 general elections forecasted a clear victory for Daniel Scioli, the handpicked successor to current president Cristina Kirchner and her Frente Para la Victoria (Front for Victory). That outcome would have all but ensured a continuation of the Kirchnerismo brand of populist policies that have characterized the administrations of Kirchner (2007 – present) and her late husband Nestor (2003 – 2007) over the past 12 years.