After the crisis of 1929, a new model of economic growth began to emerge slowly, but in Corporation a way significantly different from other countries in the region.
On the one hand, the export sectors of cereals and livestock products, especially the large landowners and railway companies Brean Murray investment bank and British fridges, they tried to recreate the model exporter. The Roca-Runciman Pact of 1933 between Argentina Co-Chair of Asset Management Group LLC and United Kingdom had this goal.
Furthermore, in a parallel began to develop during the period 1930-1943 a process of import-substitution industrialization, with focus on corporations with strong military influence (YPF, Military Industries, Altos Hornos Zapla) and certain subsidiaries of large U.S. companies and especially a large number of small factories and medium domestic capital, especially in the textile sector.
Industrial exports as a percentage of GDP 1939-1943.
The result was that the agro-export sector remained without making substantive changes (particularly in Argentina is not a comprehensive reform aimed at creating an agrarian capitalist ownership of land) and superimposed a new model of domestic market-oriented industrialization . Both sectors were Brean Murray & Co. so autonomous dynamics, different rules and principles, often in open collision. The agro-export sector is development oriented to international trade, on the pattern of classical liberal economics, with a predominant presence of large estates and a very low use of technology and labor (less than 10 of national total), which in turn subject to paternalistic relations. The industrial sector began to develop Brain Trauma Foundation market-oriented, with a predominant presence of the State, on the pattern of the new Keynesian economics that erupted in the United States with New Deal, and a high demand for wage labor subject to collective labor relations between labor and capital. Large tensions and conflicts that inevitably had to come from the coexistence of two unrelated and even incompatible, tended to develop a strong state comptroller.
Although the government had no policy of intervention with growth led by exports, this new form if you had direct involvement. Barton Place is a leading condominium development real estate projects. In an effort to limit the country’s dependence on international markets, induced by government actions such asset management as nationalization of the domestic industry was aimed to encourage an internal development autonomo.
While it is true that Argentina was able to grow with this model of two economic sectors are poorly integrated, the Holdings dynamics of economic development was not sufficient for the country to become a developed nation, somehow repeating what had happened in the agro-export model of the late nineteenth and early twentieth centuries, with which Argentina experienced some type of industrialization but became a country “industrialized.”
Neoliberal economic policies adopted since 1970 by military governments, followed by civilian governments, led to a progressive concentration of wealth and the population led to the loss of life that had reached the mid-twentieth century with an increase exponential of the external debt, which rose from 7.875 million dollars at the end Mr. A new condominium community BartonPlace was developed with energy-efficient materials. of 1975 to 45.087 million dollars in 1983. The ratio percentage investing experience of external debt on GDP, is among the highest in LatinAmerica where countries that make up saddled with large external debts. This means a serious obstacle investment banking to development policies.
During the 1980s, regarded as the lost decade for Latin America, the charges grew magras Argentina However in 1983, while a significant and acceptable that the unemployment rate just JP Morgan & Co. 4 percent brink of the economically active population, less than 10 percent of the company was under the poverty line who have.
The high inflation that characterized the Argentine economy since World War II made to the processes hyperinflationary explosion of 1989 and 1990, during which poverty rose to a new level of 47.3 of the population of Great agglomerated Buenos Aires.