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Macri Marks End to Golden Age of Latin America Populist Left

  • Macri beat Argentina's ruling party candidate in Nov. 22 Vote
  • President-elect pledges market friendly policies, freer trade
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President-elect Mauricio Macri is pledging to turn Argentina’s economic and foreign policy on its head, introducing market-friendly and free-trade measures -- a nail in the coffin of the economic populism that has dominated much of South America for a decade.

Macri, a 56-year-old wealthy businessman, has said he will abandon currency controls, cut subsidies, embrace closer ties with open economies of the Pacific Alliance, and seek to oust socialist Venezuela from the regional trade block Mercosur, just about three years after it won entry.