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Financing Manufacturing Innovation in Argentina, 1890–1930

Authors :
Yovanna Pineda
Source :
Business History Review. 83:539-562
Publication Year :
2009
Publisher :
Cambridge University Press (CUP), 2009.

Abstract

Between 1890 and 1930, Argentina's manufacturers invested in imported machinery. Although they aligned with political allies to advance and protect their companies, their dependence on imported machinery, raw materials, fuel, and expensive skilled labor were obstacles to their success. Two factors slowed the progress of these entrepreneurs: their lack of technological capabilities and the absence of government policies to address the problems entailed in importing foreign machinery. Several political factions supported industry's efforts to reduce dependence on imported products and to diversify the economy. While these supporters hoped to promote industry through the passage of legislation to raise the tariff rate, their strategy represented a compromise that stifled the drive to innovate that is so necessary for long-run economic growth and industrial development.

Details

ISSN :
2044768X and 00076805
Volume :
83
Database :
OpenAIRE
Journal :
Business History Review
Accession number :
edsair.doi...........c994b5263f0616ecaa00e0766011c249
Full Text :
https://doi.org/10.1017/s0007680500002993