Why an Argentine leader seeks to break the pull of populism

Young Andrés Watle has only been around for about three decades – and yet that’s long enough to have known the economic ups and downs of Argentina’s legendary populist governance. “It seems great when you’re living the good times of el populismo, with services practically given away and a feeling that we’re a wealthy country,” says Mr. Watle, a Buenos Aires travel agent. Breaking the pattern of the boom-and-bust economic cycles that have defined Argentina’s economy for decades was a central objective of Argentine President Mauricio Macri when he took office in 2015.

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