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The Goose that laid the golden eggs? Agricultural development in Latin America in the 20yh century

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  • Miguel Martín-Retortillo
  • Vicente Pinilla
  • Jackeline Velazco
  • Henry Willebald

Abstract

In the last third of the nineteenth century, a large majority of Latin America 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.

Suggested Citation

  • Miguel Martín-Retortillo & Vicente Pinilla & Jackeline Velazco & Henry Willebald, 2017. "The Goose that laid the golden eggs? Agricultural development in Latin America in the 20yh century," Documentos de Trabajo de la Sociedad de Estudios de Historia Agraria 1703, Sociedad de Estudios de Historia Agraria.
    • Handle: RePEc:seh:wpaper:1703
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    References listed on IDEAS

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    1. Kym Anderson & Alberto Valdés, 2008. "Distortions to Agricultural Incentives in Latin America," World Bank Publications - Books, The World Bank Group, number 6604.
    2. Maloney, William F. & Valencia Caicedo, Felipe, 2014. "Engineers, Innovative Capacity and Development in the Americas," IZA Discussion Papers 8271, Institute of Labor Economics (IZA).
    3. Krueger, Anne O & Schiff, Maurice & Valdes, Alberto, 1988. "Agricultural Incentives in Developing Countries: Measuring the Effect of Sectoral and Economywide Policies," The World Bank Economic Review, World Bank, vol. 2(3), pages 255-271, September.
    4. Henry Willebald & Marc Badia-Miró & Vicente Pinilla, 2015. "Natural Resources and Economic Development. Some lessons from History," Documentos de Trabajo (DT-AEHE) 1504, Asociación Española de Historia Económica.
    5. Engerman,Stanley L. & Sokoloff,Kenneth L. With contributions by-Name:Haber,Stephen With contributions by-Name:Mariscal,Elisa V. With contributions by-Name:Zolt,Eric M., 2012. "Economic Development in the Americas since 1500," Cambridge Books, Cambridge University Press, number 9780521251372, October.
    6. Charles C. Mueller & Bernardo Mueller, 2018. "From Backwardness to Global Agricultural Powerhouse: The Transition of Brazilian Agriculture," Palgrave Studies in Economic History, in: Vicente Pinilla & Henry Willebald (ed.), Agricultural Development in the World Periphery, chapter 15, pages 389-412, Palgrave Macmillan.
    7. Reca, Lucio G. & Diaz-Bonilla, Eugenio, 1997. "Changes in Latin American agricultural markets:," TMD discussion papers 24, International Food Policy Research Institute (IFPRI).
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    Cited by:

    1. 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.
    2. 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.

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    More about this item

    Keywords

    Latin American agriculture; agricultural development; export-led growth model; import substitution industrialization; agricultural growth; Latin American economic history;
    All these keywords.

    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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