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The Argentine Economy - An Economic History of Argentina (Paperback)
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The Argentine Economy - An Economic History of Argentina (Paperback)
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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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