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The Goose That Laid the Golden Eggs? Agricultural Development in Latin America in the 20th Century

In: Agricultural Development in the World Periphery

Author

Listed:
  • Miguel Martín-Retortillo

    (Universidad de Alcalá de Henares)

  • Vicente Pinilla

    (Universidad de Zaragoza)

  • Jackeline Velazco

    (Pontificia Universidad Católica del Perú)

  • Henry Willebald

    (Department of Economics, Universidad de la República)

Abstract

In the last third of the nineteenth century, a large majority of Latin American countries adopted export-led models of growth, mostly based on agricultural exports. In some countries, this strategy produced significant results in terms of economic development but in most of the countries, the strategy was not successful, either because of too slow growth in exports or because linkages with the rest of the economy were very weak and there was no significant growth-spreading effect. After WWII, Latin America turned to a new model of economic development: the import substitution industrialisation (ISI). The ISI policies penalised export-led agriculture. The 1980s and 1990s were characterised by an expansion of adjustment policies and structural reforms. The new strategy consisted of mobilising resources in competitive export sectors, including agriculture. Chapter 13 analyses Latin America’s inability to get the maximum benefit from the changes that have occurred over this period.

Suggested Citation

  • Miguel Martín-Retortillo & Vicente Pinilla & Jackeline Velazco & Henry Willebald, 2018. "The Goose That Laid the Golden Eggs? Agricultural Development in Latin America in the 20th Century," Palgrave Studies in Economic History, in: Vicente Pinilla & Henry Willebald (ed.), Agricultural Development in the World Periphery, chapter 13, pages 337-363, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-66020-2_13
    DOI: 10.1007/978-3-319-66020-2_13
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    Cited by:

    1. Pablo Castro & Henry Willebald, 2025. "Factor Endowments and Agricultural Productivity in Latin America on the Eve of World War I," Documentos de Trabajo (working papers) 25-26, Instituto de Economía - IECON.
    2. Silvana Sandonato & Henry Willebald, 2018. "Natural Capital, Domestic Product and Proximate Causes of Economic Growth: Uruguay in the Long Run, 1870–2014," Sustainability, MDPI, vol. 10(3), pages 1-26, March.
    3. Jackeline Velazco & Vicente Pinilla, 2018. "Development Models, Agricultural Policies and Agricultural Growth: Peru, 1950–2010," Palgrave Studies in Economic History, in: Vicente Pinilla & Henry Willebald (ed.), Agricultural Development in the World Periphery, chapter 16, pages 413-438, Palgrave Macmillan.

    More about this item

    Keywords

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    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N56 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Latin America; Caribbean
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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