Will Milei’s radical policies cure Argentina’s economic malaise?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 November 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: Argentina has a chosen a new president — the libertarian Javier Milei, who has some radical ideas about how to tame hyperinflation, such as dollarization. We take a look at how those plans might work. Plus, how many delivery riders are underage? A BBC investigation has found a black market trade in delivery app accounts in the United Kingdom that allows children to sign up.
Transcript
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| 0:00.0 | Argentina's economy is set for a Malay style makeover. |
| 0:05.0 | Hello and you're listening to the Marketplace Morning Report live from the BBC World Service. |
| 0:09.0 | I'm Leanna Byrne. |
| 0:10.0 | Thanks for tuning in. |
| 0:11.0 | Javier Milay has been elected Argentina's new president. |
| 0:15.0 | His supporters have been celebrating at his headquarters. |
| 0:17.0 | President-electo. |
| 0:20.0 | Carveer Mile! |
| 0:21.0 | Many struggling with the country's economic crisis supported his |
| 0:27.1 | radical economic proposals drawing comparisons to former US |
| 0:30.4 | president Donald Trump. The BBC's Gideon Long has been following events. |
| 0:34.4 | Was this a surprise win? Well it was a surprise in the sense that Mr. Malay lost in the first round |
| 0:39.6 | or he came second in the first round back in October. So in that sense it was a surprise but since |
| 0:44.9 | then he's picked up important support notably from the former president |
| 0:49.4 | Maldizio Macri and from Patricia Bulrich another conservative politician. |
| 0:54.0 | So in that sense it wasn't a surprise and it did look like it was going to be a close-run thing. |
| 0:59.0 | I think the biggest surprise really is the margin of Mr Milay's victory. He took 56% of the vote in the runoff to |
| 1:06.9 | Sedgill Mas is 44% so that gives him a real mandate to rule. |
| 1:10.3 | And he ran on economic policies, remind us of what they were. |
| 1:15.0 | Well, his main policy is tackling inflation. |
| 1:18.5 | He says that has to be Argentina's biggest priority. |
| 1:21.7 | It's now more than 140%. But there are other economic problems too. |
... |
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