Acemoglu e Robinson respondem: One hundred years ago Argentina was one of the richest countries in the world. For fifty years it rode a wave of favorable market opportunities and experienced one of the most successful periods of extractive growth in world history (sharing these honors with the Soviet Union and contemporary China or Sinagpore).
But extractive growth can’t last and in Argentina it didn’t. When you have a combination of extractive political institutions but somewhat inclusive economic institutions as Argentina did (and China does now) there are two ways to go, but only one leads to sustained economic growth. You can open the political system and try to move towards an inclusive society, or you can go in reverse and clamp down on the inclusivity in economic institutions giving up prosperity for power.
Argentina did the latter.
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1 comment:
Selva,
Já viu esse artigo do Sebastián Edwards?
http://focoeconomico.org/2012/04/19/dona-dilma-va-a-washington/
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