Economic Policy
Videla largely left economic policies in the hands of Minister José Alfredo MartÃnez de Hoz, who adopted a free trade and deregulatory economic policy. During his tenure, the foreign debt increased fourfold, and disparities between the upper and lower classes became much more pronounced, ending in a tenfold devaluation and one of the worst financial crisis in Argentine history.
Read more about this topic: Jorge Rafael Videla
Famous quotes containing the words economic and/or policy:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.”
—A.J.P. (Alan John Percivale)