![]() American business owners invested in industrializing their country and created a nimble industrial sector, while Argentina developed a fear of the free market and sealed off its manufacturing companies behind a high wall of tariff protection. He explains how Argentina backed a small number of wealthy and powerful landowning families while America favoured small homesteads and settlers. Yet, the paths they took were very different. ![]() Beattie points out that just a short century ago, both nations were in similar places. Beattie examines the different paths that various nations have travelled in their rise to economic success or failure.įalse Economy leads off with a comparison of Argentina and the United States. ![]() The book is written by Alan Beattie, the world trade editor for the Financial Times. ![]() If it appealed to a rock star and a bond geek, I figured it must be worth a read. ![]() Along with its New York Times Bestseller status and praise from all the usual suspects (The Washington Post, Financial Times, The Economist, etc.), I was intrigued by the book’s accolades from Bono and Mohamed El-Erian (CEO of PIMCO, the largest bond fund manager in the U.S.). I recently finished reading False Economy – A Surprising Economic History of the World. ![]()
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