ABSTRACT

Why has Argentina suffered so much political and economic instability? How could Argentina, once one of the wealthiest countries in the world, failed to meet its potential over decades? What lessons can we take from Argentina's successes and failures? 

Argentina’s economy is - irresistibly - fascinating. Argentina's economic history - its crises and its triumphs cannot be explained in purely economic terms. Argentina's economic history can only be explained in the context of conflicts of interest, of politics, war and peace, boom and bust. Argentina's economic history is also intertwined with ideological struggles over the ideal society and the on-going struggle of ideas.  

The book comprises two distinct components: an economic history of Argentina from the Spanish colonial period to 1990, followed by a narrative by Domingo Cavallo on the last 25 years of reform and counter reform.

Domingo Cavallo has been at the centre of Argentina's economic and political debates for 40 years. He was one of the longest serving cabinet members since the return of democracy in 1983. He is uniquely qualified to help the reader make the connection between historical and current events through all these prisms. His daughter, Sonia Cavallo Runde, is an economist specialized on public policy that currently teaches the politics of development policy. The two Cavallos offer academics and students of economics and finance a long form case study. This book also seeks to offer  researchers and policymakers around the world with relevant lessons and insights to similar problems from the Argentine experience.

chapter |8 pages

Introduction

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part I|31 pages

The southernmost territory of imperial Spain turns into the Argentine Nation

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chapter 1|12 pages

The Spanish heritage

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part II|34 pages

1853–1913: six decades of increasing integration into the global economy

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chapter 5|14 pages

The years when Roca dominated politics

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part III|31 pages

From the beginning of the First World War to the end of the Second World War

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chapter 6|5 pages

The traumatic 30 years from 1914 to 1944

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chapter 7|10 pages

The ‘Radical Republic’

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chapter 8|15 pages

From the fall of Yrigoyen to the rise of Perón

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part IV|69 pages

Four-and-a-half decades of political and economic instability

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chapter 9|6 pages

Inflation, stagflation and hyperinflation

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chapter 10|18 pages

Perón and Evita

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chapter 11|17 pages

The 18 years when Peronism was outlawed

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chapter 12|14 pages

The return of Perón and the military

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chapter 13|13 pages

Transition to democracy and Alfonsín's presidency

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part V|92 pages

Reform and counter-reform

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chapter 14|13 pages

The Latin American consensus of the 1990s

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chapter 15|36 pages

Menem and De la Rúa

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chapter 17|27 pages

Duhalde and the Kirchners

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part VI|18 pages

Conclusions

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chapter 18|17 pages

Conclusions

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