“The election of the centre-right Mauricio Macri to the Presidency is a potential upset to a long set narrative of national decline. His pro-business stance and more liberal economic policy has been lauded. However, that the Right can save Argentina is far from certain.”

...

“The Legatum Prosperity Index™ shows that Argentina ranks 47th globally for prosperity, higher than would be suggested by its relative wealth. So too does it over-perform in both health (45th) and education (40th), where it has been improving. Argentina is now 13th globally for the number of people who continue education beyond secondary school. At 80%, it sits well ahead of the UK and Germany who languish at 61%. [Former president, Cristina de Kirchner] has not sunk her country: Argentina sits at the same rank for national prosperity as it did in 2009. Yet this static performance masks the hidden cost of Kirchner for Argentinian prosperity. In three key areas it has experienced a sharp and rapid decline. Together they represent natural territory for the Right, but still pose a significant challenge for any incoming President.”

...

“The Index has recorded a 29 rank fall for governance in the last four years alone. At just 104th globally, the decline has been marked by the erosion of the rule of law, growing hostility towards the private sector, and the belief held by over 3 in 4 Argentinians that corruption is widespread.”

...

“Reform of the magnitude required is not attainable in a single term. The Right may be able to save Argentina in theory. In practice, it will likely prove a far more insurmountable challenge.”

Read: Can the Right Save Argentina?