Kenworthy, Eldon
April 1967
Foreign Affairs;Apr1967, Vol. 45 Issue 3, p463
This article discusses the impact of political developments on industrialization in Argentina. As of 1967, the per capita national product of Argentina has been increasing for an average annual rate of only 1.5 percent for the past thirty years. Experts say that there were no political compensations for this disappointing economic performance. For more than half of the past quarter-century martial law or its equivalent has been in force somewhere in the country. The standard American explanation for so disappointing a record has been Peronism. A typical view (as quoted from The New York Times) holds that "for at least a century Argentina was the most advanced and prosperous nation in Latin America. It lost its way in the Peron era and is still groping and floundering about."


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