Volume 43, Number 171,
October-December 2012
The Third Peronist Government’s Economic Plan.
Gelbard’s Term (1973-1974)
Cecilia Vitto
BRIEF FINAL REFLECTIONS

The initial economic policy implemented by José Ber Gelbard fundamentally sought to restructure Argentinean capitalism by fostering the so-called “national bourgeoisie,” to the detriment of other sectors that ended up as economically predominant, foreign capital and the “diversified oligarchy.”

In the beginning, greater state control over the economic process — for example, managing credit and the interest rate — ameliorated the impact of salary increases on the profit rate, paving the way for the Social Pact. Even so, this situation was reset when the terms of trade changed in 1974, making clear the structural deficiencies in the Argentinean economy and its difficulties in facing the consequences of the changes to the international context. Other contributing factors included the death of Perón, no small detail, as well as the consequent political weakness of the government and internal disputes within Peronism.

The revisions made to the economic policy make clear the weakness of the capital sector that they sought to benefit, and the structural “strength” of those they tried to control. In this way, it can be said that part of this policy’s weakness was linked to the structural situation of the Argentinean economy, and specifically, to the characteristics and limitations of the national bourgeoisie in this time period. However, this diagnostic does not propose that the abrupt change in Argentinean economic policy approved in mid-1975 — the so-called “Rodrigazo” — was due to exhausting the previously implemented policy, but rather in a situation of weakness (in terms of the State’s ability to intervene and the capital fractions on which the State supported itself), a project with opposing interests and objectives was set forth.

BIBLIOGRAPHY

Arceo, Nicolás, Daniel Azpiazu, Eduardo Basualdo and Andrés Wainer, “Transformaciones estructurales de la economía argentina. Una aproximación a partir del panel de grandes empresas, 1991-2005”, Buenos Aires, Programa Naciones Unidas para el Desarrollo (pnud), 2009.

Azpiazu, Daniel, Eduardo Basualdo and Miguel Khavisse, El nuevo poder económico en la Argentina de los años ochenta, Edición definitiva, Buenos Aires, Siglo xxi Editores, 2004.

Azpiazu, Daniel and Miguel Khavisse, “La concentración en la industria argentina en 1974”, Buenos Aires, Centro de Economía Transnacional, 1983.

Baschetti, Roberto, Comp., Documentos 1973-1976. Vol. I. De Cámpora a la ruptura, La Plata, De la Campana, 1996.

Basualdo, Eduardo, Estudios de Historia Económica Argentina desde mediados del siglo xx a la actualidad, Buenos Aires, Siglo xxi Editores, 2006.

Basualdo, Eduardo, “Concepto de patrón o régimen de acumulación y conformación estructural de la economía”, Document no. 1, Masters Economía Política Argentina, Área de Economía y Tecnología flacso-Argentina, 2007.

Basualdo, Eduardo, “La distribución del ingreso en Argentina y sus condicionantes estructurales,” in Memoria Anual, Centro de Estudios Legales y Sociales (cels), Buenos Aires, 2008, pp. 307-326.

Braun, Oscar and Leonard Joy, “Un modelo de estancamiento económico. Estudio de caso sobre la economía argentina,” in Desarrollo Económico, no. 80, Vol. 20, Buenos Aires, ides, January-March 1981, pp. 585-604.

Brodersohn, Mario, “Política económica de corto plazo, crecimiento e inflación en la Argentina, 1950-1972”, in Problemas económicos argentinos, Buenos Aires, Ediciones Macchi, 1973, pp. 3—64.

Published in Mexico, 2012-2017 © D.R. Universidad Nacional Autónoma de México (UNAM).
PROBLEMAS DEL DESARROLLO. REVISTA LATINOAMERICANA DE ECONOMÍA, Volume 49, Number 192, January-March is a quarterly publication by the Universidad Nacional Autónoma de México, Ciudad Universitaria, Coyoacán, CP 04510, México, D.F. by Instituto de Investigaciones Económicas, Circuito Mario de la Cueva, Ciudad Universitaria, Coyoacán,
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