The Elusive Quest for Growth in Argentina

1. Front Matter

   Pages i-xviii

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2. Introduction: The End of Panaceas; from the Postwar Consensus to the Post-Washington Consensus

   • Daniel Chudnovsky, Andrés López

   Pages 1-16

3. Argentina’s Economy in a Long-Term View

   • Daniel Chudnovsky, Andrés López

   Pages 17-31

4. The Import-Substitution Industrialization, 1962–1974

   • Daniel Chudnovsky, Andrés López

   Pages 33-53

5. The Long Recession, 1975–1990

   • Daniel Chudnovsky, Andrés López

   Pages 55-64

6. Structural Reforms and Complementary Policies During the 1990s

   • Daniel Chudnovsky, Andrés López

   Pages 65-86

7. Economic and Social Performance During Convertibility “High Growth” Years

   • Daniel Chudnovsky, Andrés López

   Pages 87-107

8. The Microeconomics of Industrial Restructuring During The Convertibility Era

   • Daniel Chudnovsky, Andrés López

   Pages 109-133

9. From Crisis to Recovery, 1998–2006

   • Daniel Chudnovsky, Andrés López

   Pages 135-159

10. Conclusions and Policy Implications

    • Daniel Chudnovsky, Andrés López

    Pages 161-177

11. Back Matter

    Pages 179-217

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This book explores a big puzzle in development economics - why Argentina, despite rich natural resources and ample human capital, has endured such poor growth performance. The authors use rigorous economic analysis and an institutional and historical approach to show what went wrong, in a timely contribution to the sustainable development debate.

• crisis
• development
• development economics
• development policy

"This brilliant book by Chudnovsky and Lópezbrings together their decades-long and careful study of the Argentine economy in the Post-War period. This is one of the finest books available on Argentina, co-authored by two of the best economists of that country."

- Jorge Niosi, Professor of Management Science, Université du Québec à Montrèal

"This is more than an excellent introduction to disappointing Argentine economic development over the last half century. The volume also confronts alternative explanations for lack of growth, thereby developing a more comprehensive view where industrial structure, technology, and institutions all enter. It merits attention."

- Albert Fishlow, Professor of International Affairs and Director, Center for Brazilian Studies, Columbia University

"Through detailed, rigorous, and scholarly analysis, the authors make insightful contributions to the literature on Argentina's economy and the broader understanding of the development process."

- Kevin P. Gallagher, Assistant Professor of International Relations, Boston University

"Most analyses of the Argentine economy focus on the role of macroeconomics and political instability in determining the poor performance of the country. Without ignoring the role of these factors, Chudnovsky and López present an insightful analysis on the role ofproduction sectorrestructuring and the associatedmicroeconomicfactors in the dynamics of the two major growth spurts that Argentinaexperienced over the past four decades, and why they proved unsustainable.Readers will find the analysis quite stimulating."

- José Antonio Ocampo, United Nations Under-Secretary-General for Economic and Social Affairs "This sweeping, highly readable explores the factors that have made Argentina incapable of sustaining its economic growth, compared to Brazil and Mexico and countries in East Asia... Recommended." - CHOICE

DANIEL CHUDNOVSKY is Professor of Economic Development, University of San Andres, Columbia and Director, Centro de Investigaciones para la Transformacion (CENIT).
ANDRES LOPEZ is Associate Professor of Development Economics, University of Buenos Aires, Argentina, and Principal Researcher, Centro de Investigaciones para la Transformacion (CENIT).

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