Miguel Gustavo Peirano

Miguel Gustavo Peirano

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Miguel Gustavo Peirano is an Argentine
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

, and former Minister of Economy and Production of Argentina
Minister of Economy of Argentina
The Minister of Economy is the head of the Ministry of Economy and Production of Argentina, concerned with finance and monetary matters. The position within the Government of Argentina is analogous to the finance ministers of some countries and the United States Treasury Secretary...

. He was appointed by President
President of Argentina
The President of the Argentine Nation , usually known as the President of Argentina, is the head of state of Argentina. Under the national Constitution, the President is also the chief executive of the federal government and Commander-in-Chief of the armed forces.Through Argentine history, the...

 Néstor Kirchner
Néstor Kirchner
Néstor Carlos Kirchner was an Argentine politician who served as the 54th President of Argentina from 25 May 2003 until 10 December 2007. Previously, he was Governor of Santa Cruz Province since 10 December 1991. He briefly served as Secretary General of the Union of South American Nations ...

 on July 16, 2007, in place of Felisa Miceli
Felisa Miceli
Felisa Miceli is an Argentine economist, and a former Minister of Economy and Production of Argentina...


As an economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

, Peirano has worked both in the public and the private sector. Between 1990 and 1992 he worked in the multinational Techint
Techint is a conglomerate multinational company founded in Milan in September 1945 by Italian industrialist Agostino Rocca and headquartered in Milan and Buenos Aires . Techint comprises more than 100 companies operating worldwide in the following areas of business: Engineering & Construction,...

 group. He was an adviser for the General Direction of Industry of the Government of the City of Buenos Aires
Buenos Aires
Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...

, adviser for the Board of the Bank of the Province of Buenos Aires
Bank of the Province of Buenos Aires
The Bank of the Province of Buenos Aires is a publicly-owned Argentine bank and the second-largest in the nation, by value of assets and deposits.-History:...

, and president of the Economics department of the Buenos Aires City Industrial Union. He also occupied various posts in the Argentine Industrial Union
Argentine Industrial Union
The Argentine Industrial Union is the leading industrial advocacy group in Argentina, and one of the most influential in the country, in any sector.-Early development:...

 (UIA) from 1993 to 2004. Between 2003 and 2004 he was an adviser for the national Subsecretariat of the Small and Medium Enterprise and Regional Development, where he worked specially on the resolution of the economic asymmetries between Argentina and Brazil in the context of Mercosur
Mercosur or Mercosul is an economic and political agreement among Argentina, Brazil, Paraguay and Uruguay. Founded in 1991 by the Treaty of Asunción, which was later amended and updated by the 1994 Treaty of Ouro Preto. Its purpose is to promote free trade and the fluid movement of goods, people,...

. 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
Small and medium enterprise
Small and medium enterprises or small and medium-sized enterprises are companies whose headcount or turnover falls below certain limits.The abbreviation "SME" occurs commonly...


Politically, Peirano is considered personally linked to former President Kirchner, and has kept amicable relations with both Chief of Cabinet Alberto Fernández
Alberto Fernández
Alberto Ángel Fernández is an Argentine politician. He was the Chief of Cabinet of Argentina during Néstor Kirchner presidency, and part of Cristina Fernández de Kirchner's. He resigned on July 23, 2008....

 and Minister of Federal Planning Julio de Vido
Julio de Vido
Julio Miguel de Vido is an Argentine policy maker, currently the President's Minister of Planning and Public Works.-Biography:...

, as well as with Martín Redrado
Martín Redrado
Hernán Martín Pérez Redrado is an Argentine economist and policy-maker. He served as President of the Central Bank of Argentina between September 2004 and January 2010.-Early life and career:...

, head of the Central Bank of Argentina.
Professionally, he was linked to ARI
Support for an Egalitarian Republic
Civic Coalition ARI is a social liberal Argentine political party, founded in 2001 by Elisa Carrió. It is a member of the Civic Coalition with centrist and centre-left parties.- Creation and political representation :...

's economist Rubén Lo Vuolo, and he is known to be in respectful terms with opposition leader Elisa Carrió
Elisa Carrió
Elisa María Avelina Carrió is an Argentine politician, founder of the party initially known as Alternative for a Republic of Equals , now Civic Coalition ARI ....


The change from Miceli to Peirano was generally considered not significant for the general Argentine economic programme. Peirano's taking of office was saluted especially 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
Import substitution
Import substitution industrialization or "Import-substituting Industrialization" is a trade and economic policy that advocates replacing imports with domestic production. It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of...

 through a high exchange rate
Exchange rate
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency...

 sustained by monetary interventionism.

On December 10, 2007, with the inauguration
An inauguration is a formal ceremony to mark the beginning of a leader's term of office. An example is the ceremony in which the President of the United States officially takes the oath of office....

 of President Cristina Fernández de Kirchner
Cristina Fernández de Kirchner
Cristina Elisabet Fernández de Kirchner , commonly known as Cristina Fernández or Cristina Kirchner is the 55th and current President of Argentina and the widow of former President Néstor Kirchner. She is Argentina's first elected female president, and the second female president ever to serve...

's cabinet
Cabinet (government)
A Cabinet is a body of high ranking government officials, typically representing the executive branch. It can also sometimes be referred to as the Council of Ministers, an Executive Council, or an Executive Committee.- Overview :...

, Martín Lousteau
Martín Lousteau
Martín Lousteau was the Minister of Economy and Production of Argentina under the administration of President Cristina Fernández de Kirchner, from December 10, 2007, until April 24, 2008...

 succeeded Peirano as Minister of Economy of Argentina.


  • "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."