Second Five Year Plan Five-Year Plans of Argentina

1 second 5 year plan

1.1 measures
1.2 economy
1.3 iapi

1.3.1 objectives
1.3.2 features
1.3.3 results
1.3.4 decline

second 5 year plan

the second 5 year plan based on encouraging growth of heavy industry. held in 1952, during second term of juan domingo perón (1951–1955).

measures

during period, perón stressed promote foreign investment in argentine trade. main measurements were:

economy

the state took on tasks of selling exportable surpluses of domestic production, , purchasing fuel, raw materials , capital goods required agricultural, industrial , mining development in country.

the iapi

the argentine institute promotion of trade (iapi) argentine public body created decree nº 15350 on may 28, 1946, that, although signed president edelmiro farrell, part of package colonel juan domingo perón , team of advisers had projected, operating under aegis of central bank, in order centralize foreign trade , transfer resources between different sectors of economy. director economist miguel miranda, chairman of central bank.

objectives

the objective guided creation of agency need have agency specialized in trade issues, better external integration through conquest of new markets, , consolidation of argentina s presence in obtained. sought promote quality , diversity of local products , create strategies defend prices in international market against eventual deterioration of terms of trade; protecting domestic producers against changes in international prices, , against action of international monopolies , importing countries of argentine products.

features

propaganda of first five-year plan promoting iapi.

the body had different functions. @ commercial level, responsible buying cereals , meat producers, , export them when international prices favorable. met financial functions, providing funds public agencies, provincial governments , private sector acquisition of capital goods. when institute acquired processed products failed placement, provided profit margin industrial sector, creating special joint committee resolve crisis in productive sectors, acquiring raw materials give manufacturers. developed promotion , development functions, determined production activities priority , therefore should receive special treatment, example, granting of credits without obligation repay. on other hand, subsidized production of consumer goods in order maintain level of real wages.

results

trade agreements reached several countries. between 1947 , 1949 reached trade agreements switzerland, hungary, italy, netherlands, norway, finland, denmark, brazil , sweden. despite efforts made body expand portfolio of buyers of argentine products, united kingdom continued rank first importer, followed united states.

concerning imports, importance of iapi lower. major purchases recorded in areas of metallurgy, building materials, machinery , textiles, standing out sellers united states , great britain, while trade soviet union reported significant increase since 1953.

decline

the international decline in agricultural prices followed post-war european recovery, largely cut off genuine source of income of iapi.

since 1949 institute s activities dwindled, leading private sector take on of exchange. in relations private sector, large subsidies granted iapi: between 1947 , 1954 agricultural subsidies amounted 5,063,011 pesos, while livestock sector amounted 4,567,590 pesos.

finally, deficit turned out important enough motivate redesign of convenience (in latest report agency s operating deficit amounted 20,000 million pesos or 3% of gdp of time).