By Eul-Soo Pang (auth.)
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Extra resources for The International Political Economy of Transformation in Argentina, Brazil, and Chile since 1960
Only then did Latin American populism begin to show its tattered face, and by the early 1980s, led by Chile, Latin America began to reject the populist legacy en masse and revert back to the neoliberal market economy model, which was substantially different from the pre-1929 genre. The making of a populist Argentina No other country in the world, including the former Soviet Union, has been to both economic paradise and hell and managed to revert to a market economy as successfully as Argentina.
In fact, many regulatory measures introduced in the 1930s and the early 1940s prepared the way for the rise of Peronism and the creation of the Latin American populist Leviathan. 20 The country was still manipulated by the traditional elites, in cahoots with international capitalists. The railroads were con- Argentina: the Birth of Latin American Populism 31 trolled by the British and French; the meat-packing businesses were in the hands of US ﬁrms; public utilities were owned and operated by US and Swiss companies; the automobile industry was run by Americans, and construction companies were either German or Dutch.
Industrialization occurred under a strong autonomous state. To industrialize, the state must divert national income from consumption to investment. ”1 How and in what form this is accomplished depends on the history and political and economic culture of a given country. The transition from agrarianism to industrialism in Argentina took place while the state was still weak and not autonomous. Argentina possessed all the requisites of becoming a corporatist state by the 1880s, as the state was indisputably dominated by the principal economic interests of export agriculture.