Argentine International Trade under Inconvertible Paper Money

John Henry Williams's Argentine International Trade under Inconvertible Paper Money (1920) examined Argentina's foreign trade during a period when its currency, the peso, was not exchangeable for coin or foreign currency. This work tested classical theories of international transfer and is considered a significant contribution to the study of international trade.12

Argentina's economy has historically relied on agribusiness and ranching, with significant exports of grain and meat. However, the economy has faced challenges, including periods of high inflation and financial crises, particularly in the late 20th and early 21st centuries. Strategies like import substitution were implemented to foster industrial self-sufficiency, but this sometimes diverted investment from agriculture. Despite these fluctuations, Argentina remains a major agricultural producer and has a substantial service sector.34