Business Enterprises and Entrepreneurship
Edited by Geoffrey Jones and Andrea Lluch
It is now commonplace that the contemporary era of globalization was preceded by a massive globalization wave which started in the second half of the nineteenth century and ultimately collapsed as a result of the World Wars and Great Depression of the twentieth century. This book explores how these globalization waves impacted the countries of Argentina and Chile in the Southern Cone of Latin America. The story is stark and very relevant even for people with no knowledge of the region. In particular, the history of the two countries reveals the complex, asymmetrical and non-linear nature of globalization. During the late nineteenth century both countries flourished as major export economies sending primary commodities to the West. In the case of Argentina, it was beef and wheat. Great riches were earned, modern industrialization began, and the country became one of the richest in the world. Chile boomed by supplying nitrates to the world economy, and even if they made the country less wealthy than Argentina, they still provided up to one half of government revenues.