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The Political Economy of Argentina - Power and Class Since 1930 (Paperback)
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The Political Economy of Argentina - Power and Class Since 1930 (Paperback)
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Economic developments in Argentina over the last half-century
present a puzzle to observers: Before World War II, the nation's
per capita income and standard of living were comparable to those
in countries like Canada and Australia; today, Argentina is
submerged in deep economic, social, and political crises. In
analyzing the events that led to this reversal, the author enhances
our understanding of the phenomenon of arrested economic
development in Argentina and similar developing countries. Dr.
Peralta-Ramos approaches the problem with a dialectical
interpretation of contemporary Argentinian history, examining
crucial economic and political developments since 1930 from the
standpoint of class interests in conflict. She discusses early
government strategies for industrialization and their consequences
for economic growth and institutional stability, maintaining that
state policies generated a struggle for the appropriation of income
and, ultimately, for control of the state, not only between the
middle classes and the urban working class but also between the
agrarian and industrial sectors of the bourgeoisie. The ensuing
political instability led to further fluctuations in economic
policy, to an erosion of institutional legitimacy, and, eventually,
to state terrorism. Ongoing political crisis, war, and military
rule, as well as soaring speculation and dwindling capital,
hastened the downward spiral of the Argentinian economy. Dr.
Peralta-Ramos offers in this book an innovative theoretical
approach for examining how power relations can inhibit economic
development and produce a fragile institutional system that
threatens democracy.
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