For the last four years, Argentina's President Mauricio Macri implemented free market, neoliberal policies to jumpstart the country's ailing economy, but the country continues to be in economic turmoil, the third major financial crisis since democracy returned in 1983.  

Macri inherited a bad economy from former president and newly elected Vice President Cristina Fernandez - with worrying levels of poverty and a high inflation rate. Four years into the presidency, Macri hasn't been able to fix the economy: almost 40 percent of the population lives in poverty, including 50 percent of the country’s infants. Nationwide unemployment is at 10 percent among the working population and more than 30 percent counting those who don’t have a steady income or job. With a devaluation of the national currency - the peso - of more than 300 percent and an inflation rate of more than 50 percent over the past year, the economy seems more like a ticking time bomb than an opportunity for foreign or local investments. 

President-elect Alberto Fernandez won the election with the promise of reversing all of these conditions but will have to have to walk on thin ice to maintain social peace, which has been challenged by decades of inequality and rising unemployment.