Movement for Integration and Development
|
Integration and Development Movement
MID - Movimiento de Integración y Desarrollo |
|
|---|---|
| President | Carlos Zaffore |
| Founder | Rogelio Frigerio |
| Founded | 1963 |
| Split from | Intransigent Radical Civic Union |
| Headquarters | Ayacucho 49 Buenos Aires |
| Political position | Centre-right |
| International affiliation | None |
| Colours | Blue & White |
| Website | |
| Official MID website | |
The Integration and Development Movement or MID (Spanish: Movimiento de Integración y Desarrollo) is a political party in Argentina.
Flying to Caracas, Venezuela in 1956, Argentine wholesaler and publisher Rogelio Julio Frigerio secretly negotiated an agreement between his friend, the centrist UCR's 1951 vice-presidential nominee Arturo Frondizi, and exiled populist leader Juan Perón. The arrangement provided the banned Peronists a voice in government in exchange for their support. The pact, a mere rumor at the time, created a rift within the UCR at their party convention in November 1956, forcing Frondizi and his supporters to run on a splinter (UCRI) ticket and leaving more anti-Peronist UCR voters with Ricardo Balbín, the party's 1951 standard bearer. Balbín was dealt a "February surprise" when, four days before the election, the exiled leader publicly endorsed Frondizi. Blank votes (Peronist voters' choice during the assembly elections of 1957, which they narrowly "won") became Frondizi votes, making him the winner of the 1958 elections.
President Frondizi designated Frigerio Secretary of Socio-Economic Affairs, a secondary post in the critical Economics Ministry the new president was forced to offer Frigerio due to steadfast opposition from the Argentine military; Frigerio was given informal say over a broad swath of economic policy, however. They inherited a difficult economic situation: declining exports and a growing need for costly imported motor vehicles, machinery and fuel, moreover, had caused Argentina to run trade deficits in seven out the past ten years. Unable to finance these easily, Frondizi's predecessors had resorted to "printing" money to cover the nation's yawning current account deficits, causing prices to rise around sixfold. Frigerio drafted the Law of Foreign Investment, which gave incentives and tax benefits to both local and foreign corporations willing to develop Argentina's energy and industry sectors, as well as giving foreign investors more legal recourse. Frigerio's plans also called for expanded public lending for homebuilders and local industry, public works investments and large petroleum exploration and drilling contracts with foreign oil companies. These investments helped make the Argentine economy nearly self-sufficient in its growing energy and industry needs and helped shape national policy even after Frondizi's forced resignation in 1962.
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