Free Trade in One (Primary Producing) Country: the Case of Argentina in the 1920s

  • A. O’Connell
Part of the St Antony’s book series


It is a well-known fact that at the end of the First World War the Argentine Republic ranked among those countries in the world with the highest incomes per head. Starting from a very low base, such a position had been achieved by an accelerated process of growth beginning in the last quarter of the nineteenth century. Everybody also knows that half a century later the Republic was placed much lower in the world income leagues, not to speak of this last decade’s performance.


Exchange Rate Political Economy Free Trade Commercial Policy Farm Policy 
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  1. 1.
    Alejandro Bunge, ‘La nueva política econémica argentina’, La Economía Argentina, vol. iii (Buenos Aires, 1928) ch. 1. This was the text of a paper delivered by Bunge in 1921.Google Scholar
  2. 3.
    See Guido di Tella and Manuel Zymmelman, Las etapas del desarrollo económico argentino (Buenos Aires, 1967) ch. 1.Google Scholar
  3. 5.
    See H. C. Taylor and A. D. Taylor, World Trade in Agricultural Products (New York, 1943) p. 110.Google Scholar
  4. For figures on the destination of Argentina’s principal exports see Carlos F. Díaz Alejandro, Essays on the Economic History of the Argentine Republic (New Haven, Conn., 1970) p. 20.Google Scholar
  5. 6.
    See Banco Central, ‘Tendencias de la producción agropecuaria’, Revista Econbmica, n. s. i (1937).Google Scholar
  6. 9.
    See Murray R. Benedict, Farm Policies in the United States, 1790–1950 (New York, 1953) p. 168.Google Scholar
  7. 13.
    F. W. Taussig, The Tariff History of the United States (New York, 1923 edn) p. 249.Google Scholar
  8. 17.
    W. B. Kelly, Jr (ed.), Studies in US Commercial Policy (Chapel Hill, N.C., 1963) p. 10Google Scholar
  9. Lynn Ramsay Edminster, The Cattle Industry and the Tarifi (New York, 1926) p. 198.Google Scholar
  10. 21.
    See O. Delledone, European Tariff Policies (New York, 1928) ch. 3;Google Scholar
  11. M. Tracy. Agriculture in Western Europe: Challenge and Response, 1880–1980 (London, 1982 edn) ch. 8. and Société des Nations. Considérations. Annex I.Google Scholar
  12. 26.
    See J. Henry Richardson, British Foreign Economic Policy (London, 1936) ch. 4, and Tracy, Agriculture in Western Europe, ch. 7.Google Scholar
  13. 35.
    See Diaz Alejandro, Essays, and also, for instance, Julio Irazusta, Balance de siglo y medio (Buenos Aires, 1960) where one specific case of ‘protection in reverse’ is illustrated.Google Scholar
  14. 41.
    Benjamin H. Williams, Economic Foreign Policy of the United States (New York, 1929) ch. 14.Google Scholar

Copyright information

© St Antony’s College, Oxford 1986

Authors and Affiliations

  • A. O’Connell

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