Analytical Guidance: How Argentina's New President Will Revive the Economy

Eager to dismantle his predecessor's economic policies, Argentine President Mauricio Macri marked his first week in office by taking aggressive steps to liberalize the Argentine economy. So far, the new president has managed to slash taxes on agricultural exports and lift currency controls, causing the value of the Argentine peso to plunge by 30 percent.

Macri's "shock therapy" policy will undoubtedly hike the country's already-high inflation even further, putting additional strain on the struggling economy, at least at first. And as Argentines begin to feel the potentially painful side effects, resistance to the president's approach will build.