How much of that success was due to the terms of trade at the time?
>
> >I don't pretend to know much about Peron's policies. He had a basically
> >agricultural economy...
>
> In 1913 Buenos Aires is 13th in the world in telephones per capita.
> In 1929 Argentina is fifth in the world in automobiles per capita.
> Argentinian manufacturing output per capita on the eve of World War
> II was twice that of Italy, and ahead of France.
>
> As I said quite a while ago, Argentina was a *first* *world*
> country--like Canada, Austrlia, or New Zealand--up until the 1950s.
> Arguments that development possibilites were constrained by relative
> backwardness may work elsewhere: they don't make *any* sense for
> Argentina.
>
> Brad DeLong
> --
> Professor J. Bradford DeLong
> Department of Economics, #3880
> University of California at Berkeley
> Berkeley, CA 94720-3880
> (510) 643-4027; (925) 283-2709 voice
> (510) 642-6615; (925) 283-3897 fax
> http://www.j-bradford-delong.net/
>
>
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
