Jorge Rafael Videla - Economic Policy

Economic Policy

Videla largely left economic policies in the hands of Minister José Alfredo Martínez 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:

    What exacerbates the strain in the working class is the absence of money to pay for services they need, economic insecurity, poor daycare, and lack of dignity and boredom in each partner’s job. What exacerbates it in upper-middle class is the instability of paid help and the enormous demands of the career system in which both partners become willing believers. But the tug between traditional and egalitarian models of marriage runs from top to bottom of the class ladder.
    Arlie Hochschild (20th century)

    Letting a hundred flowers blossom and a hundred schools of thought contend is the policy for promoting the progress of the arts and the sciences and a flourishing culture in our land.
    Mao Zedong (1893–1976)