The Goose that laid the golden eggs? Agricultural development in Latin America in the 20yh century

Miguel Martín-Retortillo, Vicente Pinilla, Jackeline Velazco and Henry Willebald

Documentos de Trabajo de la Sociedad de Estudios de Historia Agraria from Sociedad de Estudios de Historia Agraria

Abstract: In the last third of the nineteenth century, a large majority of Latin America adopted export-led models of growth, mostly based on agricultural exports. In some countries, this strategy produced significant results in terms of economic development but in most of the countries, the strategy was not successful, either because of too slow growth in exports or because linkages with the rest of the economy were very weak and there was no significant growth-spreading effect. After WWII, Latin America turned to a new model of economic development: the import substitution industrialisation (ISI). The ISI policies penalised export-led agriculture. The 1980s and 1990s were characterised by an expansion of adjustment policies and structural reforms. The new strategy consisted of mobilising resources in competitive export sectors, including agriculture.

Keywords: Latin American agriculture; agricultural development; export-led growth model; import substitution industrialization; agricultural growth; Latin American economic history (search for similar items in EconPapers)
JEL-codes: N16 N56 Q10 Q17 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2017-07
New Economics Papers: this item is included in nep-agr, nep-gro, nep-his and nep-lam
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Chapter: The Goose That Laid the Golden Eggs? Agricultural Development in Latin America in the 20th Century (2018)
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