Miguel Gustavo Peirano
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Miguel Gustavo Peirano
Miguel Gustavo Peirano (born 1 October 1966) is an Argentine economist and former Minister of Economy and Production of Argentina. He was appointed by President Néstor Kirchner on July 17, 2007, in place of Felisa Miceli. Biography Peirano was born in Buenos Aires. He graduated from the University of Buenos Aires with a degree in Economics, and began his career in 1989 as a market risk analyst at the ''Banco Sudameris''. Peirano has worked both in the public and the private sector. Between 1990 and 1992 he worked in the multinational Techint group. He later taught Economics at the Colegio Nacional de Buenos Aires, and served as adviser for the City of Buenos Aires General Directorate of Industry, for the Board of the Bank of the Province of Buenos Aires, and as president of the Economics department of the Buenos Aires chapter of the Argentine Industrial Union (UIA), the nation's leading manufacturing lobby; Peirano occupied various posts in the UIA itself from 1993 to 2004. B ...
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Minister Of Economy Of Argentina
The Ministry of Economy ( es, Ministerio de Economía) of Argentina is the country's state treasury and a ministry of the national executive power that manages economic policy. The Ministry of Economy is one of the oldest ministries in the Argentine government, having existed continuously since the formation of the first Argentine executive in 1854, in the presidency of Justo José de Urquiza – albeit under the name of Ministry of the Treasury. The current minister responsible is Sergio Massa, who has served since 2022 in the cabinet of Alberto Fernández. Headquarters The Argentine Ministry of the Treasury has, since the building's 1939 inaugural, been based in a 14-story Rationalist office building designed by local architect Carlos Pibernat. The Economy Ministry building was built on a 0.57 ha (1.4 ac) Montserrat neighborhood lot facing the Casa Rosada presidential office building to the north, and the Defense Ministry ( Libertador Building) to the easta government buildi ...
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Social Market Economy
The social market economy (SOME; german: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and a welfare state. It is sometimes classified as a regulated market economy. The social market economy was originally promoted and implemented in West Germany by the Christian Democratic Union of Germany under Chancellor Konrad Adenauer in 1949, and today the term is used by ordoliberals, social liberals, and social democrats, who generally reject full state ownership of the means of production but support egalitarian distribution of all goods and services in a market segment. Its origins can be traced to the interwar Freiburg school of economic thought. The social market economy was designed to be a middle way between ''laissez-faire'' f ...
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Economic Interventionism
Economic interventionism, sometimes also called state interventionism, is an economic policy position favouring government intervention in the market process with the intention of correcting market failures and promoting the general welfare of the people. An economic intervention is an action taken by a government or international institution in a market economy in an effort to impact the economy beyond the basic regulation of fraud, enforcement of contracts, and provision of public goods and services. Economic intervention can be aimed at a variety of political or economic objectives, such as promoting economic growth, increasing employment, raising wages, raising or reducing prices, promoting income equality, managing the money supply and interest rates, increasing profits, or addressing market failures. The term ''intervention'' is typically used by advocates of ''laissez-faire'' and free market capitalism, and assumes that, on a philosophical level, the state and econom ...
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Foreign Exchange Controls
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents, on the purchase/sale of local currency by nonresidents, or the transfers of any currency across national borders. These controls allow countries to better manage their economies by controlling the inflow and outflow of currency, which may otherwise create exchange rate volatility. Countries with weak and/or developing economies generally use foreign exchange controls to limit speculation against their currencies. They may also introduce capital controls, which limit foreign investment in the country. Rationale Common foreign exchange controls include: * banning the use of foreign currency within the country; * banning locals from possessing foreign currency; * restricting currency exchange to government-approved exchangers; * fixed exchange rates * restricting the amount of currency that may be imported or exported; Often, foreign exchange ...
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Guillermo Moreno
Guillermo Moreno (b. Buenos Aires, October 15, 1955) is an Argentine politician. He served from 2005 to 2013 as Secretary of Domestic Trade, a position to which he was appointed by President Néstor Kirchner and in which he remained under the presidency of Cristina Fernández de Kirchner until his resignation, in the midst of scandal, in November 2013. He was found guilty in March 2014 of abuse of authority and was economic attaché at the Argentinian embassy in Rome. A 2011 ''Financial Times'' (FT) article stated that Moreno was widely viewed as “Argentina’s de facto economy minister.” Moreno, wrote the ''Infobae news'' website in 2013, “is the man who drives the economy of Argentina.” He was also described during his cabinet tenure as “the person most reviled by businesses – good and bad alike – in Argentina.” At the time of his resignation, ''Bloomberg News'' described Moreno as “the most feared government official” who had spent eight years “controll ...
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Cabinet (government)
A cabinet is a body of high-ranking state officials, typically consisting of the executive branch's top leaders. Members of a cabinet are usually called cabinet ministers or secretaries. The function of a cabinet varies: in some countries, it is a collegiate decision-making body with collective responsibility, while in others it may function either as a purely advisory body or an assisting institution to a decision-making head of state or head of government. Cabinets are typically the body responsible for the day-to-day management of the government and response to sudden events, whereas the legislative and judicial branches work in a measured pace, in sessions according to lengthy procedures. In some countries, particularly those that use a parliamentary system (e.g., the UK), the Cabinet collectively decides the government's direction, especially in regard to legislation passed by the parliament. In countries with a presidential system, such as the United States, the Ca ...
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Cristina Fernández De Kirchner
Cristina Elisabet Fernández de Kirchner (; born 19 February 1953), often referred to by her initials CFK, is an Argentine lawyer and politician who has served as the Vice President of Argentina since 2019. She also served as the President of Argentina from 2007 to 2015 and the first lady during the tenure of her husband, Néstor Kirchner. She was the second female president of Argentina (after Isabel Perón) and the first elected female president of Argentina. Ideologically, she identifies herself as a Peronist and a progressive, with her political approach called Kirchnerism.BBC News. 18 April 2006Analysis: Latin America's new left axis. Born in La Plata, Buenos Aires Province, she studied law at the University of La Plata, and moved to Patagonia with her husband Néstor Kirchner upon graduation. She was elected to the provincial legislature; her husband was elected mayor of Río Gallegos. She was elected national senator in 1995, and had a controversial tenure, while ...
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Exchange Rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for or that will be exchanged for ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econ ...
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Import Substitution
Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production.''A Comprehensive Dictionary of Economics'' p.88, ed. Nelson Brian 2009. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. The term primarily refers to 20th-century development economics policies, but it has been advocated since the 18th century by economists such as Friedrich ListMehmet, Ozay (1999). ''Westernizing the Third World: The Eurocentricity of Economic Development.'' London: Routledge. and Alexander Hamilton.Chang, Ha-Joon (2002). ''Kicking Away the Ladder: Development Strategy in Historical Perspective.'' London: Anthem Press. ISI policies have been enacted by developing countries with the intention of producing development and self-sufficiency by the creation of an internal market. The state leads economic development by nationalizat ...
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Elisa Carrió
Elisa María Avelina "Lilita" Carrió (born 26 December 1956) is an Argentine lawyer, professor, and politician. She is the leader of Civic Coalition ARI, one of the founders of Cambiemos, and was National Deputy for Chaco Province and Buenos Aires. Elisa Carrió is considered a liberal, Christian, and heterodox politician in Argentina. Elisa Carrió marked her firm stance against abortion before and after entering Congress, while Mauricio Macri encouraged legislators to maturely and responsibly debate an issue that divided the opposition and the ruling party. Biography Born in Resistencia, Chaco, in a traditional family, Carrió was a former teenage beauty queen. Her father, Rolando "Coco" Carrió, was a prominent Radical Civic Union politician. Her mother, María "Lela" Elisa Rodríguez, was a literature professor. She enrolled at the National University of the Northeast and earned a law degree in 1978 and later earned a graduate degree in Public Law at the National Univer ...
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Support For An Egalitarian Republic
Civic Coalition ARI ( es, Coalición Cívica ARI, CC-ARI), until October 2009 known as Support for an Egalitarian Republic ( es, Afirmación para una República Igualitaria, ARI), is a centrist political party in Argentina founded in 2002 by Elisa Carrió. It is a member of Cambiemos since 2015 together with centrist and centre-right parties. Many consider it a social liberal and an innovative party. It offers a political option located in the centre, where the defense of republican institutions and democratic freedoms prevails. It groups together modern social democrats, who accept the "Fundamentals of the economy" and publicly condemn the dictatorship of Fidel Castro; together with democratic liberals, supporters of civil liberties that clearly separate them from conservatives, primarily defenders of the rule of law and pragmatists. Creation and history Elisa Carrió, a former Radical Civic Union (UCR) politician, created the ARI after the breakup of the government allia ...
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Central Bank Of Argentina
The Central Bank of the Argentine Republic ( es, Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity. Article 3 of the Organic Charter lists the objectives of this Institution: “The bank aims to promote, to the extent of its powers and within the framework of the policies established by the national government, monetary stability, financial stability, employment, and economic development with social equity. Establishment Established by six Acts of Congress enacted on May 28, 1935, the bank replaced Argentina's currency board, which had been in operation since 1899. Its first president was Ernesto Bosch, who served in that capacity from 1935 to 1945. The Central Bank's headquarters on San Martín Street (in the heart of Buenos Aires' financial district, known locally as the ''city''), was originally designed in 1872 by architects Henry Hunt and Hans Schroeder. Completed in 1876, the Italian Renaissance-inspired building i ...
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