Arturo Frondizi

Arturo Frondizi Ercoli, GCMG (October 28, 1908 – April 18, 1995) was the President of Argentina between May 1, 1958, and March 29, 1962, for the Intransigent Radical Civic Union, which he led until 1986. Under his program of "Developmentalism", he encouraged increased foreign investment in heavy industry, including motor vehicle production; made the country self-sufficient in oil production, and increased public spending for loans to encourage business, and to develop infrastructure for electrical power.