This diagnostic history of Argentina's economic prostration is full of timely lessons for readers in the United States about how an irresponsible capitalist elite and cynical politicians can lead a wealthy nation to throw it all away. They say those who do not learn from history are bound to repeat it. Thus the importance of this book. The Agony of Argentine Capitalism: From Menem to the Kirchners is the capstone of a magisterial trilogy exploring the reasons for Argentina's shocking "reversal of development." In the early 20th century, Argentina was a rising star. It was one of the world's ten richest countries, on course to a place among the most advanced and prosperous liberal democracies in the world. Then, in 1929, Argentina fell into an economic coma from which no political or military shock treatment has been able to rouse it. The collapse of Argentina's capitalist class has been so devastating that little support remains for free enterprise or free trade. Her fate poses an intellectual challenge for First World capitalist countries. As famed economist Paul Samuelson warned: "Argentina is the pattern no modern capitalist may face without crossing himself and saying, 'There but for the grace of God....'"

"[Book title] is the capstone of [author's] magisterial trilogy exploring the reasons for Argentina's shocking "reversal of development" in the 20th century. This diagnostic history of Argentina's economic prostration is, the author maintains, full of timely lessons for readers in the United States as the wealthiest nation in the history of the world succumbs to self-induced ruin."--Back cover.

By focusing on the organization, development, and political activities of pressure groups rather than on parties or governmental institutions, Lewis (political science, Tulane U.) gets to the root causes of Argentina's instability and decline. His study is of the industrialist bourgeoisie and their relation to labor, government, the military, and foreign capital. Annotation copyrighted by Book News, Inc., Portland, OR

This diagnostic history of Argentina's economic prostration is full of timely lessons for readers in the United States about how an irresponsible capitalist elite and cynical politicians can lead a wealthy nation to throw it all away. They say those who do not learn from history are bound to repeat it. Thus the importance of this book. The Agony of Argentine Capitalism: From Menem to the Kirchners is the capstone of a magisterial trilogy exploring the reasons for Argentina's shocking "reversal of development." In the early 20th century, Argentina was a rising star. It was one of the world's ten richest countries, on course to a place among the most advanced and prosperous liberal democracies in the world. Then, in 1929, Argentina fell into an economic coma from which no political or military shock treatment has been able to rouse it. The collapse of Argentina's capitalist class has been so devastating that little support remains for free enterprise or free trade. Her fate poses an intellectual challenge for First World capitalist countries. As famed economist Paul Samuelson warned: "Argentina is the pattern no modern capitalist may face without crossing himself and saying, 'There but for the grace of God....'"

At the end of World War II, Argentina was the most industrialized nation in Latin America, with a highly urbanized, literate, and pluralistic society. But over the past four decades, the country has suffered political and economic crises of increasing intensity that have stalled industrial growth, sharpened class conflict, and led to long periods of military rule. In this book, Paul Lewis attempts to explain how that happened. Lewis begins by describing the early development of Argentine industry, from just before the turn of the century to the eve of Juan Peron's rise to power after World War II. He discusses the emergence of the new industrialists and urban workers and delineates the relationships between those classes and the traditional agrarian elites who controlled the state. Under Peron, the country shifted from an essentially liberal strategy of development to a more corporatist approach. Whereas most writers view Peron as a pragmatist, if not opportunist, Lewis treats him as an ideologue whose views remained consistent throughout his career, and he holds Peron, along with his military colleagues, chiefly responsible for ending the evolution of Argentina's economy toward dynamic capitalism. Lewis describes the political stalemate between Peronists and anti-Peronists from 1955 to 1987 and shows how the failure of post-Peron governments to incorporate the trade union movement into the political and economic mainstream resulted in political polarization, economic stagnation, and a growing level of violence. He then recounts Peron's triumphal return to power and the subsequent inability of his government to restore order and economic vigor through a return to corporatist measures. Finally, Lewis examines the equally disappointing failures of the succeeding military regime under General Videla and the restoration of democracy under President Raul Alfonsin to revive the free market. By focusing on the organization, development, and political activities of pressure groups rather than on parties or governmental institutions, Lewis gets to the root causes of Argentina's instability and decline--what he calls "the politics of political stagnation." At the same time, he provides important information about Argentina's entrepreneurial classes and their relation to labor, government, the military, and foreign capital. The book is unique in the wealth of its detail and the depth of its analysis.

Argentina Noir offers a guide to Argentine crime fiction, with a focus on works published since the year 2000. It argues that the novela negra, or crime novel, has become the favored genre for many writers to address the social malaise brought about by changes linked to globalization and market-driven economic policies. Cynthia Schmidt-Cruz presents close readings and original interpretations of eleven novels, all set in or around Buenos Aires, and explores the ways these texts adapt major motifs, figures, and literary techniques in Hispanic crime fiction in order to give voice to wide-ranging social critiques. Schmidt-Cruz addresses such topics as organized crime and institutional complicity, corruption during the presidency of Carlos Menem (1989–1999), terrorist attacks on Jewish institutions in Buenos Aires and the mysterious death of Alberto Nisman, and the winners and the losers of neoliberal structural changes. With a solid underpinning in sociological studies and criticism of the genre and its historical context, Argentina Noir reveals how these novels are renovating the genre to engage pressing issues confronting not only Argentina but also countries throughout Latin America and around the globe.

The Patagonian Sublime provides a vivid, accessible, and cutting-edge investigation of the green economy and New Left politics in Argentina. Based on extensive field research in Glaciers National Park and the mountain village of El Chaltén, Marcos Mendoza deftly examines the diverse social worlds of alpine mountaineers, adventure trekkers, tourism entrepreneurs, seasonal laborers, park rangers, land managers, scientists, and others involved in the green economy. Mendoza explores the fraught intersection of the green economy with the New Left politics of the Néstor Kirchner and Cristina Fernández de Kirchner governments. Mendoza documents the strategies of capitalist development, national representation, and political rule embedded in the “green productivist” agenda pursued by Kirchner and Fernández. Mendoza shows how Andean Patagonian communities have responded to the challenges of community-based conservation, the fashioning of wilderness zones, and the drive to create place-based monopolies that allow ecotourism destinations to compete in the global consumer economy.

Argentina celebrated a century of independence from Spain in 1910, and the republic was the tenth most important trading nation in the global economy. Although it had the promise of growth and industrial development at the time, crises, mismanagement, and unrealized potential associated with authoritarianism, populism, and military coups (culminating in thousands of “disappearances” over a period of unparalleled state terror) prevented that from happening. By 2001, Argentina announced that it would not service its foreign debt, triggering the largest default in world financial history. Since then, the country has sought to recapture the potential and promise of the past, and its place in the world while escaping from what appeared to be an interminable cycle of expansion, crises, conflict, and institutional collapse. Historical Dictionary of Argentina contains a chronology, an introduction, appendixes, an extensive bibliography, and more than 800 cross-referenced entries on the country’s important personalities and aspects of its politics, economy, foreign relations, religion, and culture. This book is an excellent resource for students, researchers, and anyone wanting to know more about Argentina.

How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.

This book answers why anti-trade forces in developing countries sometimes fail to effectively exert pressure on their governments. The backlash against globalization spread across several Latin American countries in the 2000s, yet a few countries such as Peru doubled down on their bets on free trade by signing bilateral agreements with the US and the EU. This study uses evidence from three Latin American countries (Peru, Argentina, and Bolivia) to suggest that geography can play a significant role in shaping trade preferences and undermining the formation and clout of distributional coalitions that seek protectionism. Because trade liberalization can have uneven distributional impacts along regional lines, trade liberalization losers can find themselves in unfavorable conditions to associate and engage in collective action. Under these circumstances, few coalitions emerge to battle for protection in the policy arena, and when they do, geographic distance from decision-makers in the capital city can be a significant barrier to realizing their interests. As a result, even where a majority of the population living in regions that have not benefitted from trade elect a leftist president, trade reform reversal will not occur unless protectionist interests are close to the capital city. The contrast between Peru, on one side, and Argentina and Bolivia, on the other, highlights the powerful influence geography can have on reversing trade policy or preserving the status quo.