Latin America Advisor

On February 16, Managing Director of Cefeidas Group, Juan Cruz Díaz and analyst, Megan Cook were published in the Inter-American Dialogue’s Latin America Advisor.

They responded to the following questions:

President Mauricio Macri is attempting to lower Argentina’s high labor costs in an effort to boost foreign investment. Such efforts, though, are expected to lead to clashes with unions allied with the opposition Peronist party. What changes might have the best odds of success and public acceptance as Macri seeks to reduce labor costs? To what extent does new foreign direct investment in Argentina depend on labor reforms? What will be the economic consequences if Macri fails to push through labor reforms?

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