In This Review

Reversal Of Development In Argentina
Reversal Of Development In Argentina
By Carlos H. Waisman
Princeton University Press, 1987, 329 pp

Argentina's truncated economic development and its often frustrating politics have puzzled analysts for decades. Waisman's detailed and lucid rethinking of the Argentina predicament focuses on decisions made in the 1940s that locked Argentina into an extreme version of protectionist import substitution and a cooptive approach to labor, based on state corporatism. These policies reflected elite fears of communism and a waning commitment to liberal principles. Waisman argues that ideas count; his perspective on Argentine history challenges economic determinist explanations of political repression in the Southern Cone.