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by mardifoufs 1064 days ago
Mostly the EU. Almost every other reason is at best rationalization in comparison. The same goes for Poland. though people from those countries don't necessarily like to admit that the reason they are richer than their peers (in this case, Argentina) is mostly due to geographical luck.

But Argentina also has a peculiar, almost hard to believe tendency to shoot itself in the foot economically

2 comments

Argentina had a lack of Institutional Capacity due to a very volatile political culture compared to Chile or even Brazil.

Daron Acemolgu's career making paper "The Role of Institutions in Growth and Development" [0] touches on this exact dichotomy.

[0] - https://rei.unipg.it/rei/article/view/14

Geography is destiny.