By D. C. M. Platt, Guido Di Tella
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Relentless and ominous, the drumbeat echoes around the land: Social safeguard is at the verge of financial ruin. The caution has been repeated so frequently that it has turn into a depressing article of religion for the thousands of american citizens who pay Social defense taxes and count on to gather advantages sometime. however it is flatly unfaithful.
Extra resources for Argentina, Australia and Canada: Studies in Comparative Development 1870–1965
Although wheat-growing became an important staple industry in Argentina, it remained at a relatively primitive level of development. This was in no small measure due to the failure of government to perform the entrepreneurial function which the modern wheat-growing industry required. 49 One of the problems with theories of economic development is that it is most difficult, perhaps impossible, to generalize about some of the elements most crucial to the growth process. Supply-side factors like entrepreneurship, inventiveness and adaptability are difficult to incorporate into customary economic analysis.
23. 7. I. B. Kravis, 'Trade as a Handmaiden of Growth: Similarities between the Nineteenth and Twentieth Centuries', The Economic Journal, Lxxxx (1970) 859. 34 Argentina, Australia and Canada 8. Richard E. Caves,' "Vent for Surplus" Models of Trade and Growth', in R. E. ), Trade, Growth and the Balance of Payments: Essays in Honour of Gottfried Haberler (Chicago, 1966) p. 111. Melville Watkins, op. , p. 144. 9. Explorations in Economic History, vol. 17, nos 1 and 3 ( 1980) particularly C. Knick Harley, 'Transportation, the World Wheat Trade, and the Kuznets Cycle, 1850-1913', 218-58.
But the incorporation of such vast expanses of land required time - time to bring immigrants from Europe to people the new cities and exploit the new land, time to build railways, roads, ports, villages and the whole infrastructure that goes with such a process. The actual physical frontier was moving all the time. For towns and communities the frontier was short-Jived; the expansion went ahead, leaving the frontier town in an economically marginal situation, well within the frontier. e. costs gently rising with the greater distance from the port city, but at least for Argentina with a vertical kink at the frontier.