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Books > Business & Economics > Economics > Development economics
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The Elusive Quest for Growth in Argentina (Hardcover, 2007 ed.)
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The Elusive Quest for Growth in Argentina (Hardcover, 2007 ed.)
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Despite its unusually rich availability of natural resources and
ample base of human capital, in the last forty years Argentina
suffered a poor growth performance in any cross-country comparison.
Chudnovsky and Lopez's analysis includes two episodes of growth in
1964-74 and in 1991-98 that proved to be finally unsustainable, as
well as the 2001 crisis, the most severe in the country's history.
Since both growth episodes took place under quite different
development paradigms, the Post-War Development Consensus and
Washington Consensus, lessons about what went right and wrong in
Argentina contributes to the debate about the virtues and failures
of those paradigms. Following mainly an institutional and
historical approach, but also employing rigorous economic analysis,
this book offers a timely contribution to one of the big puzzles in
the field of development economics.
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