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Economic History Of Argentina
The economic history of Argentina is one of the most studied, owing to the "Argentine paradox". As a country, it had achieved advanced development in the early 20th century but experienced a reversal relative to other developed economies, which inspired an enormous wealth of literature and diverse analysis on the causes of this relative decline. Since independence from Spain in 1816, the country has defaulted on its debt nine times. Inflation has often risen to the double digits, even as high as 5,000%, resulting in several large currency devaluations. Argentina possesses definite comparative advantages in agriculture because 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 among the world's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chronic Inflation
Chronic inflation is an economic phenomenon occurring when a country experiences high inflation for a prolonged period (several years or decades) due to continual increases in the money supply among other things. In countries with chronic inflation, inflation expectations become 'built-in', and it becomes extremely difficult to reduce the inflation rate because the process of reducing inflation by, for example, slowing down the growth rate of the money supply, will often lead to high unemployment until inflationary expectations have adjusted to the new situation. Chronic inflation is distinct from hyperinflation. Occurrence Even more so than hyperinflation, chronic inflation is a 20th-century phenomenon, being first observed by Felipe Pazos in 1972. High inflation can only be sustained with unbacked paper currencies over long periods, and before World War II unbacked paper currencies were rare except in countries affected by war – which often produced extremely high inflat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Encomienda
The ''encomienda'' () was a Spanish Labour (human activity), labour system that rewarded Conquistador, conquerors with the labour of conquered non-Christian peoples. In theory, the conquerors provided the labourers with benefits, including military protection and education. In practice, the conquered were subject to conditions that closely resembled instances of forced labour and slavery. The ''encomienda'' was first established in Spain following the Christian Reconquista, and it was applied on a much larger scale during the Spanish colonization of the Americas and the Spanish East Indies. Conquered peoples were considered vassals of the Spanish monarch. The Crown awarded an ''encomienda'' as a grant to a particular individual. In the conquest era of the early sixteenth century, the grants were considered a monopoly on the labour of particular groups of indigenous peoples, held in perpetuity by the grant holder, called the ''encomendero''; starting from the New Laws of 1542, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Empire
The Spanish Empire, sometimes referred to as the Hispanic Monarchy (political entity), Hispanic Monarchy or the Catholic Monarchy, was a colonial empire that existed between 1492 and 1976. In conjunction with the Portuguese Empire, it ushered in the European Age of Discovery. It achieved a global scale, controlling vast portions of the Americas, Africa, various islands in Asia and Oceania, as well as territory in other parts of Europe. It was one of the most powerful empires of the early modern period, becoming known as "the empire on which the sun never sets". At its greatest extent in the late 1700s and early 1800s, the Spanish Empire covered , making it one of the List of largest empires, largest empires in history. Beginning with the 1492 arrival of Christopher Columbus and continuing for over three centuries, the Spanish Empire would expand across the Caribbean Islands, half of South America, most of Central America and much of North America. In the beginning, Portugal was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Advantages
Comparative advantage in an economic model is the advantage over others in producing a particular good. A good can be produced at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing ''every'' single good than workers in other countries. He demonstrated that if two countries capable of producing two commodities engage in the free market (albeit with the assumption that the capital and labour do not move internationally), then each country will increase its overall consumption by exporting the good for which it has a comparative advantage while ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial Argentina
Colonial Argentina is designated as the period of the History of Argentina when it was an overseas territory of the Spanish Empire. It begins in the Precolumbian age of the indigenous peoples of Argentina, with the arrival of the first Spanish conqueror. European exploration When Spain and Portugal realized that the Americas were not the Indies but a new and unknown continent, they settled the portions with the Treaty of Tordesillas, dividing an eastern section of South America for Portugal and the rest for Spain. However, most of the geography of the Americas was still unknown, and many navigators sought a passage to the East Indies rather than exploring the Americas. The voyage of Ferdinand Magellan continued towards the south, passed the Strait of Magellan and eventually completed the first circumnavigation of the world. The first navigators of the Americas through unexplored territories, navigated into the wide Río de la Plata expecting to find a passage to the west and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gonnet Carretas 1864
Gonnet is a surname borne by the following: * Charles Gonnet (1897–1985), French poet * Dominique Gonnet (born 1950), Belgian Jesuit scholar * Esteban Gonnet (1829–1868), French-Argentinian photographer * Gaston Gonnet (born 1948), Canadian computer science professor * Jean-Baptiste Gonnet (born 1982), French golfer * Marguerite Gonnet Marguerite Gonnet (13 October 1898 - 27 May 1996) was a member of the French Resistance during World War II. She was from the city of Grenoble in southeastern France. At age forty-four, married with nine children, she joined the resistance group Lib ... (1898–1996), French resistance leader * Daniel Blanc-Gonnet (born 1994), American motorcycle trials rider * Hatice Gonnet-Bağana (born 1832), Turkish archaeologist See also * Baeza-Yates-Gonnet algorithm * Manuel B. Gonnet, city in Argentina {{surname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Economic Crisis (1999–2002)
Argentina has faced several economic crises, such as: * The Rodrigazo (1975) * The 1989 hyperinflation in Argentina * The 1998–2002 Argentine great depression * The 2018–present Argentine monetary crisis {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Board
In public finance, a currency board is a mechanism by which a monetary authority is required to maintain a fixed exchange rate with a foreign currency by fully backing the commitment with foreign holdings, or reserves. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target. Although a currency board is a common (and simple) way of maintaining a fixed exchange rate, it is not the only way. Countries often keep exchange rates within a narrow band by regulating balance of payments through various capital controls, or though international agreements, among other methods. Thus, a rough peg may be maintained without a currency board. History In colonial administration, currency boards were popular because of the advantages of printing appropriate denominations for local conditions, and it also benefited the colony with the seigniorage revenue. The first such case was the Board of Commissioners of Currency of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
