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Balance-of-Payments Constraints as the Key to Dependency: The Case of Argentina

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Considering the constraints to growth derived from the balance of payments and the external sector as the area in which the dependency of Latin American countries is most clearly expressed,… Click to show full abstract

Considering the constraints to growth derived from the balance of payments and the external sector as the area in which the dependency of Latin American countries is most clearly expressed, application of the contributions of dependency theorists concerning external restrictions to growth in Argentina shows that the fate of surplus value in this economy is a key factor in the explanation of its dependent nature. Considerando las restricciones al crecimiento derivadas del balance de pagos y el sector externo como el ámbito donde se expresa más nítidamente la relación de dependencia, la aplicación de los aportes de la teoría de la dependencia referentes al problema de la restricción externa al crecimiento en la Argentina muestra que el destino que se le da al plusvalor en esta economía es un elemento clave para explicar su situación de dependencia.

Keywords: key dependency; balance payments; constraints key; dependency; balance; payments constraints

Journal Title: Latin American Perspectives
Year Published: 2022

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