Yet another tale of two cities: Buenos Aires and Chicago

Artikel

Buenos Aires and Chicago grew during the nineteenth century for remarkably similar reasons. Both cities were conduits for moving meat and grain from fertile hinterlands to eastern markets. However, despite their initial similarities, Chicago was vastly more prosperous for most of the twentieth century. Can the differences between the cities after 1930 be explained by differences in the cities before that date? We highlight four major differences between Buenos Aires and Chicago in 1914. Chicago was slightly richer, and significantly better educated. Chicago was more industrially developed, with about 2.25 times more capital per worker. Finally, Chicago's political situation was far more stable and it was not a political capital. Human capital seems to explain the lion's share of the divergent path of the two cities and their countries, both because of its direct effect and because of the connection between education and political instability.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Latin American Economic Review ; ISSN: 2196-436X ; Volume: 28 ; Year: 2018 ; Issue: 1 ; Pages: 1-33 ; Heidelberg: Springer

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: General, International, or Comparative ; Education and Economic Development ; Information and Product Quality; Standardization and Compatibility ; Conflict; Conflict Resolution; Alliances; Revolutions
• Thema: Argentine exceptionalism ; Comparative development ; Industrial development ; Education ; Political instability

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Campante, Filipe ; Glaeser, Edward L.
• Ereignis: Veröffentlichung
• (wer): Springer
• (wo): Heidelberg
• (wann): 2018

Weitere Informationen

• DOI: doi:10.1007/s40503-017-0052-7
• Handle: http://hdl.handle.net/10419/195250
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ