Javier Milei wanted to unleash the Argentine economy. Two years later, new data shows: His policies have destroyed the country’s industrial base.
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Patrick Kaczmarczyk is an economist at the University of Mannheim and works as an economic advisor for the UN Organization for World Trade and Development (UNCTAD).
When there is a discussion in Germany about reducing bureaucracy, sooner or later the name comes up Javier Milei. The Argentine president, who symbolically entered the presidential palace with a chainsaw in December 2023, is seen by parts of the FDP, CDU, AfD and libertarian economists as a role model: a man who is serious about unleashing the economy. Less government, less regulation, less bureaucracy – and investments are being made, production is taking place and the economy is growing.