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  • Phase 1 Early Industry

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    Ivan Bertone Alfonso
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    1) In the late 19th century, Argentina attracted significant foreign investment from Britain and other European countries in its agricultural sector which fueled growth. British investment increased from £20 million in 1880 to £110 million in 1900 and accounted for two thirds of total foreign capital. 2) After World War 1, foreign investment declined as other regions like Asia became more attractive. Argentina also lacked domestic industrial capital and energy resources like coal hindering further industrialization. The state oil company YPF was established in 1922. 3) In the 1930s-1940s, the populist government of Juan Peron nationalized industries and railroads and began enacting policies to promote development. However, inflation became a chronic problem,

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    1) In the late 19th century, Argentina attracted significant foreign investment from Britain and other European countries in its agricultural sector which fueled growth. British investment increased from £20 million in 1880 to £110 million in 1900 and accounted for two thirds of total foreign capital. 2) After World War 1, foreign investment declined as other regions like Asia became more attractive. Argentina also lacked domestic industrial capital and energy resources like coal hindering further industrialization. The state oil company YPF was established in 1922. 3) In the 1930s-1940s, the populist government of Juan Peron nationalized industries and railroads and began enacting policies to promote development. However, inflation became a chronic problem,

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    11 views1 page

    Phase 1 Early Industry

    Uploaded by

    Ivan Bertone Alfonso
    1) In the late 19th century, Argentina attracted significant foreign investment from Britain and other European countries in its agricultural sector which fueled growth. British investment increased from £20 million in 1880 to £110 million in 1900 and accounted for two thirds of total foreign capital. 2) After World War 1, foreign investment declined as other regions like Asia became more attractive. Argentina also lacked domestic industrial capital and energy resources like coal hindering further industrialization. The state oil company YPF was established in 1922. 3) In the 1930s-1940s, the populist government of Juan Peron nationalized industries and railroads and began enacting policies to promote development. However, inflation became a chronic problem,

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    of 1

    Phase 1 early industry :

    The profitability of the agricultural sector attracted foreign capital for railways and industries. British capital investments went from just over 20 million
    in 1880 to 1! million in 18"0. #uring the 1880s$ investment began to show some diversification as capital began to flow from other countries such as
    %rance$ &ermany and Belgium$ though British investment still accounted for two thirds of total foreign capital. 'n 18"0 (rgentina was the destination of
    choice for British investment in )atin (merica$ a position it held until *orld *ar '. By then$ (rgentina had absorbed between +0, and 0, of all British
    investment outside the -nited .ingdom. #espite its dependence on the British mar/et$ (rgentina managed a 0.!, annual rate of growth of e1ports
    between 18!0 and 18"0 as a result of successful geographic and commodity diversification.
    Factors
    -Agriculture exportation.
    Phase 2 :
    *ith the opening of the 2anama canal in 1"1+$ the importance of the 3outhern cone economies declined$ as investors turned their attention to
    (sia. The post4war recovery was short4lived and mar/ed by scarcity of foreign investment. %or all its success$ by the 1"20s (rgentina was not an
    industrialised country by the standards of Britain$ &ermany or the -nited 3tates. ( major hindrance to full industrialisation was the lac/ of energy
    sources such as coal or hydro power. 51periments with oil$ discovered in 1"0!$ had poor results.6acimientos 2etrol7feros %iscales$ the first state4
    owned oil company in )atin (merica$ was founded in 1"22 as a public company responsible for 1, of the oil production8 the remaining +", was in
    private hands.
    Factors
    -Foreign based investment because no home - based capitalist class.
    Phase 3 eavy indrustrialisation :
    The populist administration of 9uan 2er:n nationali;ed strategic industries and services li/e the railroads from 1"+ to 1"$ and the partial enactment
    of developmentalism after 1"8 was followed by a promising fifteen years. 'nflation first became a chronic problem during this period<2!= >it averaged
    20, annually from 1"++ to 1"!+? and (rgentina did not become @industriali;ed@ or fully @developed@.<The most important were the %ord ans Ahevrolet
    industries.

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