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The Spread of Modern Industry to the Periphery since 1871$
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Kevin Hjortshøj O'Rourke and Jeffrey Gale Williamson

Print publication date: 2017

Print ISBN-13: 9780198753643

Published to Oxford Scholarship Online: March 2017

DOI: 10.1093/acprof:oso/9780198753643.001.0001

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Industrial Growth in South America

Industrial Growth in South America

Argentina, Brazil, Chile, and Colombia, 1890–2010

(p.318) 13 Industrial Growth in South America
The Spread of Modern Industry to the Periphery since 1871

Xavier Duran

Aldo Musacchio

Gerardo della Paolera

Oxford University Press

This chapter uses new time series data to examine the industrialization in Argentina, Brazil, Chile, and Colombia since the early twentieth century. This allows the authors to uncover variation across countries and over time that the literature has overlooked. Rather than providing a single explanation of how specific shocks or policies shaped the industrialization of the region, their argument is that the timing of the industrial take-off was linked to initial conditions, while external shocks and macroeconomic and trade policy explain the variation in the rates of industrialization after the 1930s, and favourable terms of trade and liberalization explain de-industrialization after 1990.

Keywords:   South America, manufacturing, economic history, economic policy, trade policy, de-industrialization, liberalization, external shock, macroeconomic policy

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