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A better comparison than Chicago is Argentina's neighbor Chile, which is far less endowed than Argentina and has been poorer historically. Chile, however, has
by ckinnan 17y ago
A better comparison than Chicago is Argentina's neighbor Chile, which is far less endowed than Argentina and has been poorer historically. Chile, however, has pursued market economics since the 1980s and now enjoys a living standard that is more than twice as high as Argentina.
Indeed, Argentina's per capita income today is just $6,500, despite the nation's amazing cultural and natural gifts. Argentina is, in fact, highly literate-- I don't think that explains why it has stumbled.
- joeyo 17y agoMarket economics? Is that what Pinochet's regime is being called now?
- mediaman 17y agoDo you disagree that Chile has developed much more market-oriented economic policies than Argentina? If not, what is the point of your comment? If you do, I'd be interested in your perspective beyond this quip, particularly your thoughts on the Chicago school's involvement in forming economic policy there.