Miguel Gustavo Peirano
|Minister of Economy of Argentina|
July 17, 2007 – December 10, 2007
|Preceded by||Felisa Miceli|
|Succeeded by||Martín Lousteau|
1 October 1966 |
|Alma mater||University of Buenos Aires|
Miguel Gustavo Peirano (born October 1, 1966) is an Argentine economist and former Minister of Economy and Production of Argentina. He was appointed by President Néstor Kirchner on July 17, 2007, in place of Felisa Miceli.
Peirano was born in Buenos Aires. He graduated from the University of Buenos Aires with a degree in Economics, and began his career in 1989 as a market risk analyst at the Banco Sudameris. Peirano has worked both in the public and the private sector. Between 1990 and 1992 he worked in the multinational Techint group. He later taught Economics at the Colegio Nacional de Buenos Aires, and served as adviser for the City of Buenos Aires General Directorate of Industry, for the Board of the Bank of the Province of Buenos Aires, and as president of the Economics department of the Buenos Aires chapter of the Argentine Industrial Union (UIA), the nation's leading manufacturing lobby; Peirano occupied various posts in the UIA itself from 1993 to 2004. Between 2003 and 2004 he was an adviser for the Subsecretariat for Small and Medium Enterprise and Regional Development, where he specialized in the resolution of the economic asymmetries between Argentina and Brazil in the context of Mercosur. Before taking the post of Minister of Economy, he had been the senior vice president of the Bank of Investment and Foreign Trade (BICE), as well as the Secretary of Industry, Commerce and Small and Medium Enterprises.
Politically, Peirano supported a social market economy approach. He was considered personally close to former President Kirchner, and kept an amicable relationship with both Chief of Cabinet Alberto Fernández and Minister of Federal Planning Julio de Vido, as well as with Martín Redrado, head of the Central Bank of Argentina. Professionally, he was linked to ARI economist Rubén Lo Vuolo, and was known to be in cordial terms with the leader of the opposition party ARI at the time, Elisa Carrió.
The change from Miceli to Peirano was generally considered uneventful in the context of the broader Argentine economic programme. Peirano's appointment was especially supported by the industrial sector. The former minister expressed strong support for several of the key ideas of the government's economic plan, including the encouragement of industrial exports and import substitution through a relatively undevalued exchange rate sustained by frequent U.S. dollar purchases by the Central Bank.
On December 10, 2007, with the inauguration of President Cristina Fernández de Kirchner's cabinet, Martín Lousteau succeeded Peirano as Minister of Economy. He was appointed president of BICE following the end of his tenure, but ongoing disputes with the powerful Commerce Secretary, Guillermo Moreno, led to Peirano's resignation in July 2009. He later expressed his opposition to the foreign exchange controls implemented in 2012, and while Peirano remained broadly supportive of economic interventionism he believed this policy had gone to far and had become counterproductive.
- "The State as an agent for the promotion of growth is fundamental. The 'automatic pilot' was a vile lie of neoliberalism. Under the supposed automatic pilot there were hidden decisions by omission to favor privileged sectors."
- "It has to be said in full: neoliberals are evil."
- "Argentina is a country which must be strongly industrial."
- "There might be inviable enterprises, but in the current stage of development of Argentina all [economic] sectors are viable."
- "The strategy of industrial development cannot be sustained by low wages."
- "Choosing a sustainable exchange rate to increase exports and substitute imports is a basic macro rule for industrial development."
- "Those who accuse us of 'closing' the economy should consider that, without a solid internal market, it is impossible to increase exports or productivity. The alternative is to turn into an agency or doom millions of Argentinians to a life without future."
- "Mercosur must recover its original spirit. Let us remember it was created to support intra-industrial trade between the member countries and to employ that expanded market as a platform to gain competitiveness in other markets and weight in international negotiations."
- "El perfil del joven ministro: un "productivista industrialista"". Rosario 3. July 16, 2007.
- Clarín, 16 July 2007. Peirano, un hombre de perfil bajo y excelente relación con los industriales.
- Página/12, 17 July 2007. Buscar consensos es su premisa.
- Clarín, 11 December 2007. Clarín: En una jura distinta asumió el nuevo Gabinete (Spanish).
- "Otra baja en el gobierno: renunció Miguel Peirano al BICE". La Política Online. July 21, 2009.
- "Se puede salir del cepo al dólar, hay condiciones como para hacerlo". Clarín. July 28, 2013.
|Minister of Economy