5. what factors contributed to the economic issues in argentina
Economic history of Argentina
Beginning in the 1930s , however , the Argentine economy deteriorated notably . The single most important factor in this decline has been political instability since 1930 , when a military junta took power , ending seven decades of civilian constitutional government . In macroeconomic terms , Argentina was one of the most stable and conservative countries until the Great Depression , after which it turned into one of the most unstable . Despite this , up until 1962 the Argentine GDP per capita was higher than of Austria , Italy , Japan and of its former colonial master , Spain . Successive governments from the 1930s to the 1970s pursued a strategy of import substitution to achieve industrial self - sufficiency , but the government 's encouragement of industrial growth diverted investment from agricultural production , which fell dramatically . 
Beginning in the 1930s , however , the Argentine economy deteriorated notably . The single most important factor in this decline has been political instability since 1930 , when a military junta took power , ending seven decades of civilian constitutional government . In macroeconomic terms , Argentina was one of the most stable and conservative countries until the Great Depression , after which it turned into one of the most unstable . Despite this , up until 1962 the Argentine GDP per capita was higher than of Austria , Italy , Japan and of its former colonial master , Spain . Successive governments from the 1930s to the 1970s pursued a strategy of import substitution to achieve industrial self - sufficiency , but the government 's encouragement of industrial growth diverted investment from agricultural production , which fell dramatically .
he single most important factor in this decline has been political instability since 1930 , when a military junta took power , ending seven decades of civilian constitutional government .Successive governments from the 1930s to the 1970s pursued a strategy of import substitution to achieve industrial self - sufficiency , but the government 's encouragement of industrial growth diverted investment from agricultural production , which fell dramatically .
The single most important factor in this decline has been political instability since 1930 , when a military junta took power , ending seven decades of civilian constitutional government . Successive governments from the 1930s to the 1970s pursued a strategy of import substitution to achieve industrial self - sufficiency , but the government 's encouragement of industrial growth diverted investment from agricultural production , which fell dramatically .