Argentina poses a challenge to economists, economic historians,
political scientists, and other concerned with the
interrelationship of political and economic forces in developing
nations. Although possessed of most of the attributes generally
thought necessary for rapid and self-sustaining development, her
economy has barely kept up with the population increase, and living
standards of large segments of the population have not advanced.
The causes of this paradox have never been adequately
explained. Ferrer interprets the economic stagnation of
Argentina in historical terms, tracing the evolution of the
country's economy through four separate stages, beginning with the
colonial era in the sixteenth century. Most attention is given to
the period of "nonintegrated industrial economy," from 1930 to the
present. According to Ferrer, modern Argentina was formed in the
second half of the nineteenth century, when the country was
integrated into the world economy as a large producer and exporter
of agricultural products. The great influx of immigrants and
foreign capital led to a rapid disintegration of the traditional
society, which had been composed of isolated regional economies
with a low level of economic and social development. The Pampa
area, an "open space" that had been largely uninhabited, became the
nucleus of the subsequent expansion because of its rich land
resources and humid and temperate climate. The dislocation of
the international economy after the world economic crisis of the
1930's and the rigidity of the Argentine agricultural economy,
confronted the country with need to industrialize and diversify its
economic structure. Some progress has been made along this road,
but Ferrer attributes Argentina's postwar difficulties to the lack
of proper answers to the problems of an agricultural economy in
transition to a modern industrial society. The author relates
economic data to the broader social and political issues. He
forsees a definitive confrontation between two social and economic
forces: one favoring maintenance of the status quo, the other
advocating an enlightened policy of basic industrial growth. The
outcome of this confrontation will have a profound impact on the
future of Argentina and, indeed, all Latin America. This
title is part of UC Press's Voices Revived program, which
commemorates University of California Press's mission to seek out
and cultivate the brightest minds and give them voice, reach, and
impact. Drawing on a backlist dating to 1893, Voices Revived makes
high-quality, peer-reviewed scholarship accessible once again using
print-on-demand technology. This title was originally published in
1967.
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