Argentina election outlook: What can investors expect?

Argentina, arguably the most famous example of a country that has made a habit out of burning foreign investors' hands, is once again firmly on the radar.

The country’s long-term potential is clear: low levels of public debt (less than 40% of GDP), attractive demographics (median age of 29 years old), scant use of credit domestically, and a wealth of diverse natural resources. Thus far, the main obstacle to a brighter future for Argentina has been its policymakers.  While we acknowledge the country has several major problems, the root causes of most are obvious - namely, lack of access to international markets and a huge subsidy fiscal burden. These two issues have combined to increase borrowing costs, reduce dollar supply locally, and hav...