Word: prebisch
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Dates: during 1950-1959
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Reconstruction. The conquering generals quickly sought expert economic advice from Raul Prebisch, who was general manager of the Central Bank before Perón. Almost at once they scrapped IAPI, devalued the peso. Farmers were again able to keep, with some exceptions, what their -exported crops earned. The effect: a fattened peso return for agriculture. Planting and animal breeding zoomed. The cattle population is up from a low of 40 million to 49 million, i.e., 2½ head for every Argentine v. one-half in the U.S. This year's wheat harvest was 36% greater than last year...
...bomb and strafe the barracks, and the insurgents surrendered. Deeper in the pampas, plotters captured government buildings and a radio station at the cattle capital of Santa Rosa. Over the radio, for three hours, they demanded "freedom for all political prisoners, elections in six months, the cancellation of the Prebisch [economic recovery] Plan, lower living costs." As Rojas' 13th Cavalry retook Santa Rosa with air support, the radio abruptly ceased its clatter. Fourteen hours after the uprising began, Rojas, gaunt and tired, appeared on the balcony of Government House to announce victory and praise the "indestructible union...
...regime's headaches have economic as well as political roots. In recent weeks Aramburu has given Argentina an unpalatable dose of austerity to try to clear up the economic mess inherited from Peron. The country's best-known economist, U.N. Official Raul Prebisch, reported that government interference under Peron had crippled economic development and kept the country's average per capita income almost stationary for ten years. He recommended stripping off many controls, e.g., an artificially high peso exchange rate, and taking anti-inflationary fiscal measures. A healthy if painful readjustment is taking place...
...when Holland returned to Argentina last week, he found President Pedro Aramburu and his government quite content to forget it and get on with friendship as usual. Holland twice chatted cordially with Aramburu and held lengthy talks with Aramburu's No. 1 economic advisor, Raúl Prebisch. They agreed to go ahead with the $60 million U.S. loan for an Argentine steel mill that had been in the works under Perón, and completed the spadework for future credits...