Economy of Argentina

The economy of Argentina is a high-income economy, Latin America's third largest, and the second largest in South America behind Brazil.

The country benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Argentina's economic performance has historically been very uneven, in which high economic growth alternated with severe recessions, particularly during the late twentieth century, and income maldistribution and poverty increased. Early in the twentieth century Argentina had one of the highest per capita GDP levels in the world and the third largest economy in the developing world. Today a high-income economy, Argentina maintains a relatively high quality of life and GDP per capita.

Argentina is considered an emerging market by the FTSE Global Equity Index, and is one of the G-20 major economies.

History

Prior to the 1880s, Argentina was a relatively isolated backwater, dependent on the salted meat, wool, leather, and hide industries for both the greater part of its foreign exchange and the generation of domestic income and profits. The Argentine economy began to experience swift growth after 1880 through the export of livestock and grain commodities, as well as through British and French investment, marking the beginning of a fifty-year era of significant economic expansion and mass European immigration.

Economic history of Argentina

The economic history of Argentina is one of the most studied, owing to the "Argentine paradox", its unique condition as a country that had achieved advanced development in the early 20th century but experienced a reversal, which inspired an enormous wealth of literature and diverse analysis on the causes of this decline.

Argentina possesses definite comparative advantages in agriculture, as the country is endowed with a vast amount of highly fertile land. Between 1860 and 1930, exploitation of the rich land of the pampas strongly pushed economic growth. During the first three decades of the 20th century, Argentina outgrew Canada and Australia in population, total income, and per capita income. By 1913, Argentina was the world's 10th wealthiest nation per capita.

Beginning in the 1930s, however, the Argentine economy deteriorated notably. The single most important factor in this decline has been political instability since 1930, when a military junta took power, ending seven decades of civilian constitutional government. In macroeconomic terms, Argentina was one of the most stable and conservative countries until the Great Depression, after which it turned into one of the most unstable. Successive governments from the 1930s to the 1970s pursued a strategy of import substitution to achieve industrial self-sufficiency, but the government's encouragement of industrial growth diverted investment from agricultural production, which fell dramatically.

Argentina

Coordinates: 34°S 64°W / 34°S 64°W / -34; -64

Argentina (ⁱ/ˌɑːrdʒənˈtiːnə/; Spanish: [aɾxenˈtina]), officially the Argentine Republic (Spanish: República Argentina), is a federal republic located in southeastern South America. Sharing the bulk of the Southern Cone with its neighbour Chile, it is bordered by Bolivia and Paraguay to the north; Brazil to the northeast; Uruguay and the South Atlantic Ocean to the east; Chile to the west and the Drake Passage to the south.

With a mainland area of 2,780,400 km² (1,073,500 sq mi), Argentina is the eighth-largest country in the world, the second-largest in Latin America, and the largest Spanish-speaking one. Argentina claims sovereignty over part of Antarctica, the Falkland Islands (Spanish: Islas Malvinas), South Georgia and the South Sandwich Islands. The country is subdivided into twenty-three provinces (Spanish: provincias, singular provincia) and one autonomous city (ciudad autónoma), Buenos Aires, which is the federal capital of the nation (Spanish: Capital Federal) as decided by Congress. The provinces and the capital have their own constitutions, but exist under a federal system.

Argentina (plant)

Argentina (silverweeds) is a genus of plants in the rose family (Rosaceae) which is accepted by some authors, as containing 64 species, but classified in Potentilla sect. Leptostylae by others.

Selected species

References

External links

Argentina, Santiago del Estero

Argentina is a municipality and village in Santiago del Estero in Argentina.

References

Coordinates: 29°33′S 62°17′W / 29.550°S 62.283°W / -29.550; -62.283