Analyze causes of Argentina's marginalization and the persistence of inflation
The marginalization of the Argentina comes from far away. While in 1913, income per head of the Argentina correspond to 65% of that of Britain, in 1945 it was still 60% to spend in 2001 to 39 percent. Comparison with income per head of the Spaniards is even more eloquent: 393% in 1913, 290% in 1945 and 51% in 2001. The per capita income for the Argentine went thus from four times that of the Spaniards to a little more than half. Today it is again in crisis and same time inflation starts rising. Its gross domestic product (GDP) growth is negative. Despite the rebound, the Argentina’s deindustrializes. The level of labour productivity, growth are very low, especially when compared to those of other emerging Asian countries. Worse, the dispersion around the average is very pronounced, rather than those observed in developed countries. It is also the same wages. The purpose of this article is to analyze the causes of marginalization and the persistance of inflation during the last 15 years.
Pierre Salama, professor emeritus, cepn-cnrs, co-host of the BRICS seminar at the FMSH. Article written in October 2016 and exposed in November 2016 to the FMSH, author of Emerging Latin American Economies, Between Cicadas and Ants, A.Colin edition, 2012 and Always Emerging Economies?, Edition The French Documentation, 2014.
This article is the result of discussions held in the BRICS seminar of the Maison de sciences de l'homme Foundation. It was presented in two symposia held in Rio de Janeiro and Campinas, organized by the Foundation House of Human Sciences and the Federal University of Rio de Janeiro (UFRJ) and by Unicamp in October and November 2013.
Citing this document:
Pierre Salama. L’Argentine marginalisée. FMSH-WP-2016-118, décembre 2016.