The Political Economy of Javier Milei’s Economic Reforms in Argentina: A Multidimensional Analysis

DOI

10.2991/978-2-38476-585-0_103How to use a DOI?

Keywords

Argentina; Shock Therapy; Javier Milei

Abstract

The analysis in this paper centers on the theoretical debate between shock therapy and gradual economic reform, with a focus on the ‘Washington Consensus’ model proposed by John Williamson and the critique by Joseph Stiglitz. The research scrutinizes Argentina’s economic reform trajectory, focusing on the 2001 crisis, Kirchnerist populism, and Levy Yeyati’s ‘reform cycle’ paradox, to underscore the ongoing socio-political costs and inherent challenges of such reforms.This study addresses the theoretical debate between shock therapy and gradual economic reform, focusing on the Washington Consensus model and its critiques. It examines Argentina’s economic trajectory since the 2001 crisis, including Kirchnerist populism and the ‘reform cycle’ paradox, to underscore the socio-political costs of reforms. Aiming to bridge a gap in the literature that overlooks social and political risks in favor of economic indicators, this research employs a political economy framework to assess President Javier Milei’s reforms. It critically evaluates the applicability of shock therapy in Argentina and enhances the understanding of complexities in economic reform processes.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Jingyi Li
PY  - 2026
DA  - 2026/06/18
TI  - The Political Economy of Javier Milei’s Economic Reforms in Argentina: A Multidimensional Analysis
BT  - Proceedings of the 2025 International Conference on Hybrid Commerce, Human Capital, and Economic Dynamics (ICHCH 2025)
PB  - Atlantis Press
SP  - 911
EP  - 923
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-38476-585-0_103
DO  - 10.2991/978-2-38476-585-0_103
ID  - Li2026
ER  -