Aldo Ferrer

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Aldo Ferrer
Roberto Levingston
Preceded byCarlos Moyano Llerena
Succeeded byJuan Quillici
Personal details
Born(1927-04-15)April 15, 1927
Buenos Aires
DiedMarch 8, 2016(2016-03-08) (aged 88)
NationalityArgentine
Political partyRadical Civic Union
Alma materUniversity of Buenos Aires
Signature

Aldo Ferrer (April 15, 1927 – March 8, 2016) was an Argentine economist. He was one of the leading proponents of economic nationalism in Argentina.[1][2]

Early career

Aldo Ferrer was born in

dissertation, The State and Economic Development, earned him early repute as a defender of industrial protectionism
.

Politics

Ferrer was named economic policy attaché to the

Province of Buenos Aires, Oscar Alende, named Ferrer Minister of the Economy, from which Ferrer promoted increased spending in infrastructure and needed flood control works, for example.[3]

His turn as chief economist for Argentina's largest province (home to over a third of the population) gave Ferrer national stature, though it also left him out of the halls of power after the UCRI's standard-bearer, President Arturo Frondizi, was forced to resign by conservative opponents in 1962.

Academics

Ferrer returned to academics as Professor of Economics at the

NGO created in 1967 in a consultative capacity to UNESCO.[4]

Minister of Economy

Growing instability in Argentina led to the removal of General

Minister of the Economy; but, instead relied on the head of the new Ministry of Production, Aldo Ferrer, as his chief economic policy maker. Announcing new subsidies for industry, requirements for a higher domestic component in autos and other large consumer durables and the creation of a national small-business lender (BANADE), Ferrer secured increased collective bargaining rights for Argentine labor (the bast-paid and most-unionized in Latin America at the time) and became a household word in Argentina with his ads encouraging consumers to Compre Nacional! ("Buy Domestic").[4]

Having entered a mild recession following a boom in 1968–69, growth reaccelerated in late 1970 and early 1971, despite the worst drought since 1952. Ferrer presented President Levingston a

grain lobbies, however, and the latter responded by forming an advocacy group, the United Farmland Movement (MCU); these pressure groups helped lead to the Economy Minister's dismissal in late May.[5]

Later career

Ferrer returned to academics and to his work with CLACSO, writing an economic history, The Postwar (1982), and Living Within Our Means (1983), an appeal for alternatives to dependence on foreign investment.[6] Following a financial collapse, Argentina's last dictatorship called for elections in 1983. The winner, Raúl Alfonsín of the centrist Radical Civic Union (UCR), appointed Ferrer President of the Bank of the Province of Buenos Aires, the public, second-largest bank in Argentina. Limited by a shortfall in confidence in the Argentine banking system (whose deposits were dwarfed by Argentine deposits abroad) and growing differences with Alfonsín's conservative economists, Ferrer resigned in 1987.

Contributing regularly to the Economy section of

slave labor in From Columbus to the Internet: Globalization in Latin America (2000).[7][8] He organized like-minded economists in his new NGO, Grupo Fénix
the same year.

The

public energy company commissioned to increase oil and gas production and to alleviate future electricity shortages such as the one Argentina suffered in April of that year. He was appointed to the company's Board of Directors in March 2006.[9]

Ferrer was named editor-in-chief of Buenos Aires Económico, a local business and current affairs daily, in 2008, and in December 2010, was appointed

Cristina Kirchner.[10] Popular with embassy staff and the sizable community of Argentines in France alike, Ferrer's tenure became known for its gala diplomacy and frequent colloquia of economists. Citing health concerns and a desire to be closer to his daughters in Argentina, he resigned from the post in April 2013 and returned to academia.[11] He died on March 8, 2016.[12]

References

  1. ^ a b c "Aldo Ferrer". Fundación Konex.
  2. ^ "Economist Aldo Ferrer dies". buenosairesherald.com.
  3. ^ Historical Dictionary of Argentina London: Scarecrow Press, 1978.
  4. ^ a b eumed.net: Aldo Ferrer (in Spanish)
  5. ^ Lewis, Paul (1990). The Crisis of Argentine Capitalism. University of North Carolina Press. pp. 287–97.
  6. ISBN 9789505578993
    .
  7. ^ "Aldo Ferrer: Globalization: fact versus fiction. 1998". rrojasdatabank.info/.
  8. ISBN 978-968-16-6452-7
    .
  9. ^ "Aldo Ferrer no cree necesario enfriar la economía". Infobae. 19 February 2008.
  10. ^ "El gobierno aceptó la renuncia del embajador en Francia". El Argentino. 30 December 2010. Archived from the original on 23 July 2011.
  11. ^ "Aldo Ferrer renunció a la Embajada argentina en Francia". Clarín. 18 April 2013.
  12. ^ "Web Page Under Construction". www.buenosairesherald.com.

External links

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