“Shock therapy” in Argentina through the prism of Russia’s experience

Throughout the development of any country, there are socio-economic crises that have to be resolved through reforms of varying depth and drama. At the same time, practices of transformation in socio-economic sphere serve as a material for testing existing theoretical concepts. The paper examines the consequences of “shock therapy”, implemented in Argentina since 2023 by the team of the libertarian President H. Miley. The purpose of the research is to forecast socio-economic prospects for Argentina from the viewpoint of Russia’s experience of the 1990s. The assessment of the latter is still largely influenced by the subjective political and philosophical views of scholars. In this regard, a less emotionally burdened, and therefore more objective discussion of the situation in Argentina is useful for domestic Russian scientific discourse. The methodological basis of the study is a comparative economic analysis, though the comparison of different countries is always debatable, especially as different as Argentina and Russia. Nevertheless, certain parallels in their socio-economic development cannot but attract attention. The work is based on publicly available information resources: research by domestic specialists and media materials, as well as data from international statistical databases used in comparing indicators. The study of the transformations taking place in Argentina is relevant theoretically for the development of economics itself, in particular, its ability to indicate the most painless way out of a crisis situation. In a practical sense, this is important from the perspective of combining universality and specificity in the formation of economic policy and determining the tactics of socio-economic reforms.

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