Fundamentals of Latin American Business
Irida Angjeli
Fundamentals of Latin American Business
5 November 2012
Quiz #2
1) 91
When Perón became the president of Argentina in 1946, he immediately put into practice the corporatist principles describe of the GOU. GOU was a group of military activist who worked to overthrow the Argentinian government along with the congress and political parties. The activists’ main concern was the regular people of Argentina instead of the rich elites. Person organized Argentina according to functional groups: industrialist, farmers, and other workers. Describe how these groups worked. He also issued a Five-Year economic plan and a powerful new foreign trade institute, the IAPI, was given a state of monopoly over the export of Argentina’s key agricultural goods. In other words, because of Person’s economic policies, Argentina’s political structure became more state-directed. Yes, this should be included in the description of what corporatism is and how it works. Person also promised the people of Argentina justice and public welfare. He made the urban workers (industrialists and military force) his closest allies. In addition, he supported worker strikes, and approved large wage increases which led to an average increase of 25% in wages between 1946 and 1950. Argentinians who did not benefit from Perón were the landowners because the government trade monopoly (IAPI) bought most of the export products at a low fixed price because they did not have any competitors. At first, Persons organized political structure worked well because the country’s GDP grew by an average of 8.78% during the first three years of his presidency (1946-1948) (pg. 259). A huge part of this success was Argentina’s exports which produced great trade surpluses, as well as the gain of economic independence from the industrialized countries. Person also reduced Argentina’s foreign dependency almost completely. He nationalized British-owned railways, the leading U.S. controlled telephone
Fundamentals of Latin American Business
5 November 2012
Quiz #2
1) 91
When Perón became the president of Argentina in 1946, he immediately put into practice the corporatist principles describe of the GOU. GOU was a group of military activist who worked to overthrow the Argentinian government along with the congress and political parties. The activists’ main concern was the regular people of Argentina instead of the rich elites. Person organized Argentina according to functional groups: industrialist, farmers, and other workers. Describe how these groups worked. He also issued a Five-Year economic plan and a powerful new foreign trade institute, the IAPI, was given a state of monopoly over the export of Argentina’s key agricultural goods. In other words, because of Person’s economic policies, Argentina’s political structure became more state-directed. Yes, this should be included in the description of what corporatism is and how it works. Person also promised the people of Argentina justice and public welfare. He made the urban workers (industrialists and military force) his closest allies. In addition, he supported worker strikes, and approved large wage increases which led to an average increase of 25% in wages between 1946 and 1950. Argentinians who did not benefit from Perón were the landowners because the government trade monopoly (IAPI) bought most of the export products at a low fixed price because they did not have any competitors. At first, Persons organized political structure worked well because the country’s GDP grew by an average of 8.78% during the first three years of his presidency (1946-1948) (pg. 259). A huge part of this success was Argentina’s exports which produced great trade surpluses, as well as the gain of economic independence from the industrialized countries. Person also reduced Argentina’s foreign dependency almost completely. He nationalized British-owned railways, the leading U.S. controlled telephone