Part 3/11:
Over the past two years, Argentina has significantly reduced inflation, which had soared into hundreds of percent, now down to around 40%. Recent months have even seen inflation slow to about 1% per month, an extraordinary achievement given the country’s history. This inflation control coincided with robust economic growth—around 7.6% annually—and a budget surplus, defying many expectations.
Particularly notable is Malaysia’s deregulation efforts in Buenos Aires, where rent controls were eased. Contrary to fears that rent prices would skyrocket, supply of rental housing tripled, causing rents to fall instead. Such outcomes underscore the possibility that reducing unnecessary regulation can foster genuine economic growth and social benefits in the right context.