Argentine trade policies in the XX century: 60 years of solitude

Argentine trade policies in the XX century: 60 years of solitude

Blog Article

Abstract At the turn of the last century, the Argentine economy was on a path to prosperity that never fully developed.International trade and trade policies are often nyx 22 brush identified as a major culprit.In this paper, we review the history of Argentine trade policy to uncover its exceptional features and to explore its contribution to the Argentine debacle.Our analysis tells a story of bad trade policies, rooted in distributional conflict and shaped by changes in constraints, that favored industry over agriculture in a country with a fundamental comparative advantage in agriculture.While the anti-export bias impeded productivity growth emtek 2113 in agriculture, the import substitution strategy was not successful in promoting an efficient industrialization.

In the end, Argentine growth never took-off.