February 13, 2014

The Parable of Argentina: 100 Years of Decline

The Economist, The Economist

The Associated Press

A CENTURY ago, when Harrods decided to set up its first overseas emporium, it chose Buenos Aires. In 1914 Argentina stood out as the country of the future. Its economy had grown faster than America’s over the previous four decades. Its GDP per head was higher than Germany’s, France’s or Italy’s. It boasted wonderfully fertile agricultural land, a sunny climate, a new democracy (universal male suffrage was introduced in 1912), an educated population and the world’s most erotic dance. Immigrants tangoed in from everywhere. For the young and ambitious, the choice between Argentina and California was a hard one.

Read Full Article ››

TAGGED: Populism, Argentina

RECOMMENDED ARTICLES

February 9, 2014
Argentina's 'Victorious Decade' Ends with Bust
Tom Hennigan, IT
In 2011, at the height of the euro crisis, Argentina’s president Cristina Kirchner liked to boast that her government’s unorthodox economic model was being studied by those looking for a way out from the swamp of debt and... more ››
February 1, 2014
Latin America's Feeble Economies Break
The Economist
Latin America’s weakest economies are reaching breaking-point. more ››