French economist Philippe Aghion, winner of the 2025 Nobel Prize in Economics, praised Javier Milei's government reforms during a speech at the CAF International Economic Forum in Panama. Aghion highlighted how these policies combat corruption and bureaucracy to promote innovation and help Argentina escape the middle-income trap.
Philippe Aghion, a French economist born in 1956 and professor at the Collège de France, INSEAD, and the London School of Economics, received the 2025 Nobel Prize in Economics alongside Peter Howitt and Joel Mokyr. His work focuses on how innovation drives economic growth through 'creative destruction,' a concept inspired by Joseph Schumpeter that explains the replacement of obsolete technologies and firms by new ones in a competitive environment, enabling resource reallocation toward innovators and avoiding stagnation like the middle-income trap.
