Word: argentina
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Dictatorship in Bankruptcy. In Argentina, life-as the tango writers are prone to put it-went on. Few people starved or lacked a roof. But the superficial signs were misleading. A decade of Dictator Juan Domingo Perón had cost...
...Argentina heavily, and the price was clearly written in arrested economy, political breakdown, unfavorable international trade and demoralization of the people...
...whatever the traffic would bear. In the famished postwar world, lAPI's profits were immense; it used the income to buy industrial machines and raw materials abroad for resale cheap to Peronista manufacturers. Industry-subsidized, tariff-protected and inefficient, but nonetheless industry-grew 63% between 1943 and 1956. Argentina began or expanded the production of chemicals, canned goods, paint, paper, machine tools, motorcycles, tires, tobacco, plastics, plywood, surgical instruments, steel furniture, motors, matches, cement, batteries, refrigerators, TV sets. At length industrial production topped farm production...
Hynek heads a staff of 25 scientists and administrative personnel who have been assigned to the tracking program headquarters here. The staff is directing and planning the construction of 12 stations in the United States, Australia, India, South Africa, Spain, the West Indies, Peru, Argentina, and Japan...
...prop up the slipping Argentine peso (now down to 40 to the dollar at the free rate). Aramburu last week got a $75 million loan from the International Monetary Fund. To draw the dollars. Argentina must post an equivalent sum in pesos (figured at the official rate of 18 to the dollar) and within three to five years must repurchase the pesos with dollars at the same ratio...