Cavallo should be welcomed to campus
Regarding 'Speaking out about Princeton's guest lecturers' (Tue., Nov. 25):
Tom Hale expresses outrage at Princeton's decision to invite Domingo Cavallo, Argentina's former economy minister, to discuss "Argentina and the IMF During the Two Bush Administrations" this Wednesday. To equate Dr. Cavallo's tenure as economy minister of Argentine to Enron's Kenneth Lay or Yugoslavia's Slobodan Milosevic is to wholly misunderstand the nature of Argentine politics and Domingo Cavallo himself. In fact, it is just as inappropriate as equating Argentina's economic difficulties with a single cause.
Dr. Cavallo has held a number of public offices in Argentina in the last twenty years and not all of his policies have been flawless. Dr. Cavallo was never the president of Argentina, and his ability to implement policies was severely limited, particularly as an economy minister to the permissive and almost unchecked power of the populist/Peronist Carlos Menem presidency. While Dr. Cavallo had freedom early on to apply his policies without much interference, they produced several years of spectacular GDP growth converting Argentina's economy into the poster child of Latin America.
Dr. Cavallo among the most talented and well-regarded economists of his generation. As the economic situation worsened in early 2001, Dr. Cavallo was widely regarded as the "only hope" for the Argentine economy; this is why he was asked to return as economy minister in March of that year to re-engineer a recovery. When Dr. Cavallo failed to turn the economy around, enemies retaliated by reopening a case on an arms deal scandal that had already been investigated without any evidence of his involvement.
It is in a spirit of intellectual openness and curiosity that Princeton University should warmly welcome Dr. Cavallo to campus this Wednesday. Federico C. Baradello '05
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