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The Specific Conditions of the Valorization of Capital in a Dependent Nation: The Case of Argentina (2002–2014)

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  • Emiliano López
  • Facundo Barrera Insua

Abstract

In this article, we examine the tendency toward stagnation in the Argentinean economy, as a dependent economy, in the context of a new development model that emerged in this country before the neoliberal crisis in 2001. The initial boom of accumulation in the period 2002–2007, after the devaluation of the peso, has been challenged for various tensions that emerged, in our perspective, for the dependent economic structure of Argentina in the years 2007 and 2008. These tensions were increased after the European economic crisis and China’s slowdown in 2012–2014, leading to the stop of the accumulation process and the start of economic transition to the different development model. JEL Classification: P16; O11

Suggested Citation

  • Emiliano López & Facundo Barrera Insua, 2019. "The Specific Conditions of the Valorization of Capital in a Dependent Nation: The Case of Argentina (2002–2014)," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(1), pages 75-94, March.
    • Handle: RePEc:sae:reorpe:v:51:y:2019:i:1:p:75-94
    DOI: 10.1177/0486613417726541
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    References listed on IDEAS

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    1. Dimitris Paitaridis & Lefteris Tsoulfidis, 2012. "The Growth of Unproductive Activities, the Rate of Profit, and the Phase-Change of the U.S. Economy," Review of Radical Political Economics, Union for Radical Political Economics, vol. 44(2), pages 213-233, June.
    2. Rudy Fichtenbaum, 1988. "'Business Cycles,' Turnover and the Rate of Profit: An Empirical Test of Marxian Crisis Theory," Eastern Economic Journal, Eastern Economic Association, vol. 14(3), pages 221-228, Jul-Sep.
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    More about this item

    Keywords

    dependent countries; Marxian categories; development model; Argentina; stagnation;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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