1. NS4540 Winter Term 2019 Argentina: Peronist Model
Europa brazil economy

2. Peronist Model I Peronist policies of the 1940s and 50s.
Corporatist Peronism accommodated interests of business, labor and the poor through collective bargaining managed by the state
Resources were skimmed from the country’s highly productive agricultural sector to cover cost of wages and profits in excess of competitive levels
But Peronism promised more than it could possibly deliver
Expansionary macroeconomic polices led to ever-rising inflation, stagnant productivity and battles among highly organized interest groups
Spurred popular unrest, and
Repressive government reactions

3. Peronist Model II Argentina left with Anemic public services
Crumbling infrastructure
Profitless industries and
Paralyzing union demands for wage increases unsupported by productivity gains

4. Peronist Model III Peron overthrown by military in 1955
However legacy of Peronism survived
Peculiar mix of
Corporatism
Populism, and
Nationalism
Peronism rose and declined during the 1980s and 1990s
Argentina especially hard hit by policy experiments designed to curb inflation. Often left
Economy uncompetitive in global markets
Burdened by a huge external debt and
An overvalued exchange rate pegged to dollar