Chapter

Large Resource-Abundant Countries Squander their Size Advantage: Mexico and Argentina

Richard M. Auty

in Resource Abundance and Economic Development

Published in print October 2004 | ISBN: 9780199275786
Published online April 2005 | e-ISBN: 9780191602160 | DOI: http://dx.doi.org/10.1093/0199275785.003.0013

Series: WIDER Studies in Development Economics

Large Resource-Abundant Countries Squander their Size Advantage: Mexico and Argentina

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This chapter examines the growth collapses in Mexico and Argentina in the 1970s. The protectionist policies of both countries designed to force industrialisation weakened economic resilience and squandered their size advantage against smaller resource-abundant countries. Both countries fell into the staple strap, and distorted their economies so that competitive industrialisation stalled.

Keywords: Mexico; Argentina; economic development; resource-abundant countries; growth collapse

Chapter.  6472 words. 

Subjects: Economic Development and Growth

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