Why isn't Australia more like Argentina (or vice versa)?

[Doug Henwood]

Rob Schaap wrote:


>Maybe our relative
>prosperity (relative, that is, to Argentina - we have slowly been going down
>the international ladder of living standards throughout the century)

According to the World Bank, your GDP per capita was 78% of the U.S. 
in 1975 (purchasing power parity basis), and was 77% of the U.S. in 
1999.

Doug