Global Capital, Empire and Argentina

Doug Henwood dhenwood at panix.com
Sun Dec 23 09:51:12 PST 2001


Bradford DeLong wrote:


>Growth in real GDP per capita of 4.0% in 1993, 4.5% in 1994, -4.2%
>in 1995, 4.2% in 1996, 6.8% in 1997, 2.6% in 1998. These left
>Argentina in 1998 with real GDP per capita levels 18% above what
>they had been six years earlier--a pace of growth that, if it could
>have been sustained, would double Argentinian material standards of
>living in 24 years.

Distributed how? According to Branko Milanovic, Argentina had a gini of .496 in 1993, making it the 13th most unequal of the 89 countries he has numbers for.

Doug



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