Crisis and growth: Argentina at the beginning of the XXI century

JUAN EDUARDO SANTARCANGELO; GUIDO PERRONE

Boston

Conferencia; Eastern Economic Association; 2014

Eastern Economic Association

The aim of this work is to study the main features of the dynamics of growth experienced by Argentina in recent years and the role performed by the manufacturing sector on it, the different transmission channels of the international financial crisis on the path of growth, and we will end the paper by studying the main challenges that the country will face in the next years if it wants to consolidate the recent achievements. In order to realize these objectives, the work is divided into four sections. After this introduction, the following section examines the main features of the growth process that opens after the abandonment of the convertibility regime and the performance that the industrial sector had in this process. In the third section we examine how the collapse of the housing bubble originated in the United States and quickly spread to all major developed countries, impact on Argentina's growth path paying particular attention to the different mechanisms by which the crisis could have affected (or not) the local economy. Finally, we close the chapter by presenting the main conclusions achieved.