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Tough Times Ahead for Argentina
Argentina has experienced three farmer strikes in the past four months, as well as increasing food rationing in the capital city of Buenos Aires and food shortages in its provinces. The source of the strikes is a sliding export tax instituted by President Cristina Fernandez, which has resulted in a tax increase of 27 to 40% on soybeans. The price of food has increased recently in large part because of ongoing farmers' strikes. However, the continuing troubles have done more than exacerbate food security in this South American republic, as it has ostensibly resulted in a vicious cycle of inflation that could have a significant ripple effect in the region.
July 25, 2008
Alejandro Salicrup
Radical Transformations - July 2008
