Argentine and Australian Development Compared

The development of Australia in the eighteenth & nineteenth centuries is compared with that of Argentina in the context of the two countries' structural relation to the world capitalist economy. Although sharing fundamental characteristics of settlement & resources, the two countries ar...

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Bibliographic Details
Published in:Past & present 1979-08 (84), p.91-110
Main Author: Dyster, Barrie
Format: Article
Language:English
Subjects:
Argentina
Australia
Capitalism
Comparative Analysis
Consumer economics
Economic Development
Eighteenth Century
Freight
Imports
International economics
Merchants
Nineteenth Century
Pastoralism
Political economy
Trade
World Economy
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Summary:The development of Australia in the eighteenth & nineteenth centuries is compared with that of Argentina in the context of the two countries' structural relation to the world capitalist economy. Although sharing fundamental characteristics of settlement & resources, the two countries are generally acknowledged to have developed differently. Yet the differentiating tendencies are claimed to have existed much earlier than a review of the literature suggests. It is argued that Argentina suffered much more from wars, against both natives & other countries, & from underdevelopment of key regions; also, Argentina's export-oriented economy encouraged low wages & land prices & guaranteed a weak currency. Australia's economic strength can be attributed in part to its consistently high level of domestic consumption. J. Anderson
ISSN:0031-2746
1477-464X