Roberto Alemann (December 22, 1922 – March 27, 2020) was an Argentine lawyer, economist, publisher, and academic.
Twice Minister of Economy, he was also the Argentine ambassador to the United States and director of the traditional Argentine-German newspaper Argentinisches Tageblatt.[1]
He was implementing an economic policy that aimed to decrease the inflation rate, deregulate, and destatize the economy until the Argentine Armed Forces began the Falklands War in April 1982.[2] The liberal economic reforms proposed since December 1981, during the military dictatorship of Leopoldo Fortunato Galtieri, remained unfinished.[3]
Opposed to the populist policies of President Juan Perón, he joined senior policy adviser Raúl Prebisch's team following the 1955 coup against Perón, and took part in negotiations leading to the first loans granted to the Argentine government by the Paris Club of multilateral creditors.
Alsogaray was replaced in April 1961 by Roberto Alemann. Alemann's structuralist approach complemented unofficial Frondizi point man Rogelio Julio Frigerio's policies well, as both focused on correcting the adverse effects of financing increasingly costly machinery imports with raw material exports of declining value (a terms of trade problem common to developing countries), though conservative and military pressure resulted in his removal in January 1962.[6][7]
Private sector
Following his ousting, Alemann returned to the private sector as a lobbyist for Swiss banking giant UBS, and was also, from 1964 to 1973, Professor of Economic Policy at his alma mater (authoring a textbook in 1970).[4] The right-wing economist appointed by a National Reorganization Process dictatorship installed in 1976, José Alfredo Martínez de Hoz, implemented a sweeping program of financial deregulation and free trade which by 1981 collapsed under the weight of a US$37 billion foreign debt – most of it the result of a wave of private currency speculation and government military spending.[6][8] Alemann's brother, Juan Alemann, served as Treasury Secretary during the dictatorship and was nearly killed by a bomb placed in his residence in 1979, allegedly by a Montoneros guerilla operative.[9]
Minister of Economy of President Galtieri
Named Economy Minister by a new dictator, General Leopoldo Galtieri, in December 1981, Alemann departed from his expansionist policies of twenty years earlier and introduced his own austerity program: cuts in public spending, accelerated devaluation of the peso (which had already lost 75% of its value during 1981), and a mandatory wage freeze (amid 10% monthly inflation).[6][10]
Ultimately, Galtieri's invasion of the Falkland Islands, on April 2, derailed Alemann's rapprochement with U.S. and European creditors, and following Galtieri's defeat and subsequent resignation in June, Alemann was replaced; the economy, which had fallen 6% in 1981, fell by as much again in 1982 to its lowest level in a decade.[10]
Later years
He retired from public service, devoting his time to the Tageblatt as managing editor,[11] and contributing occasional op-ed columns in the centrist Clarín.
Continuing to lecture on economic policy matters, the octogenarian was assaulted by opponents at least twice after 2002, though he suffered only minor injuries.[12]
He died at the age of 97 in Buenos Aires in 2020.[13]
Bibliography
Sistemas Económicos (1953), Buenos Aires: Arayú
Hacia una política de inversiones (1960), Buenos Aires: Selección Contable
Curso de Política Económica Argentina (1970–81), Buenos Aires: EUDEBA
Breve historia de la política económica argentina (1989), Buenos Aires: Claridad
Recordando a Kennedy (1996), Buenos Aires: Sudamericana
