PhilinBSAS
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trennod said:In addition, being in a commodity driven economy Argentina should not be comparing itself with Europe and USA (significantly different economies). Look at Australia for one, it has a two paced economy, albeity is largely a commodity driven and it is not entering a recession. Brazil, Chile etc...Not going in to recession.
There is a lot of economic history analysis available on the web (its a favourite subject!) comparing Argentina to Australia and Canada from the time that the Canadian economy started to outstrip the Argentine (both heavily biased towards towards Wheat exports) and then the Australian
This happened many decades before Christina!
For example http://ideas.repec.org/p/pra/mprapa/18394.html
"Argentina and Canada started their industrialization processes while exporting natural resources and importing capital goods. These two nations were sparsely populated but received significant inflows of European immigrants since the second half of the nineteenth century. Until the start of World War II, both economies experienced similar per-capita GDPs. However, the gap between both per-capita GDPs began to grow, widening throughout the century. We carry out an empirical study of the deep determinants of the divergence process between both economies. We confirm that while Canada was drawn into a successful path due to the adjacency with a bigger and complementary economy, Argentina fell into a “staple trap”.
FYI Brazilian economy is slowing down,
Chile is I would suggest is a different type of case with economic "take off" based on the special geopolitical strategic military importance to europe of nitrates copper etc as well as other stuff
My point is that the K rule has been relatively more enlightened economically than the disastrous policies that prevailed before - not saying much I know but lets try to grow up and get away from the Cristina is the Antichrist nonsense