Re:Why some nations are rich and others poor (2016)
by lezojeda on Monday June 22, 2020 @05:48PM
(#23607218)
In Argentina's case, decades of failing statism and economy intervention mixed with military dictatorships. Inflation rampant since the 40s with around only one decade (1990-1999) with 1 digit inflation.
Enterprising in Argentina is an absolute nightmare.
It makes the (to me) convincing argument that geographic determinism, while important, doesn't really explain why the western core given that the eastern core surpassed the west on many measures after the fall of Rome. (Though it does explain why one of those two cores were probably ordained to win out.)
But the western core was in a better situation to exploit the Industrial Revolution which basically made everything before it almost irrelevant.
Neither book does much to explain why well-positioned modern states, e.g. Argentina, weren't able to better take advantage of their position and natural resources however.