Argentina - Reconstruction and development (Vol. 1 of 2) : Main report

Report No. 1645-AR A dC64A{ 3754 Argentina: Reconstruction and Development (In Two Volumes) Volume 1: Main Report FILO 'er y .August 31, 1977 ~ Latin America and the Caribbean Regicnal Office Country Programs Department 11 FOR OFFICIAL USE ONLY Document of the World Bank This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World E4ank authorization.  CURRENCY EQUIVALENTS Currency Unit = Peso ($a) Exchange Rate Effective August 11, 1977 US$1.00 = $a425 $al,000 = US$2.35 $al,000,000 = US$2,352.94  FOR OFF!CIAL USE ONLY This report is based on the findings of an economic m:[ssion to Argentina in March/April 1977, composed of: Fred Jaspersen (Chief of Mission) Nicholas Carter (Macro-Economic Planning Economist) Helen Chan (National Accounts Specialist) Gerard de La Fortelle (Capital Markets Specialist) Manfredo Lirider (Energy Specialist) Lorne Sonley (Agricultural Economist) Gabriel Torres (External Debt Specialist) Manuel Trucco (External Debt Specialist) Colin Warren (Energy Consultant) Peter Wogart (General Economist) Sonia Lopez-Balboa (Staff Assistant) Juan Belt (Agricultural Economist, Consultant) Lucio Reca (Agricultural Economist, Consultant) Alfredo Soto (Trainsport Economist, Consultant) Dolores Velasco participated in the preparation of the Statistical Appendix. Thisdocument has a restrcted distribution and may be used by rcipients only in the perfomance of their official duties. Its contents may not otherwie be disclosed without World Bank authorization.   -IABLE OF CONTENTS Page No. VOLUME I - MAIN REPORT COUNTRY DATA SHEET MAP SUMMARY AND CONCLUSIONS ............................... i - xiii. I. STRUCTURAL IMBALANCE AND ECONOMIC CRISIS ............... 1 II. STABILIZATION AND PROSPECTS FOR 1977 ................... 3 III. GLOBAL OBJECTIVEIS AND SECiORAL DEVELOPMENT ISSUES 18 The AgricuLtural Sector ............ .. ............. 23 The Industrial Sector ............................. 29 The Energy Sector ................. ................ 32 The Transport Sector .............. .. .............. 37 IV. BALANCE OF PAYMEINTS AND EXTERNAL CAPITAL REQUIREMENTS . 43 VOLUME II - STATISTICAL APPENDIX   pj,ge 1 of 2 pages COUNTRY DA1A - ARGENTINA AREA ,/ POPULATION DENSITY 2,779,741 km. 25.7 million (c):-1976) 9.23) Pei kn Rate of Growth. 1.3 (from 1970to 1976) 14.43 per kn- of arahle lan-1 POPlLATION CIIARAGtERISTICS,(1970-19575) IUEALTH ( Crude Birth Ratc (per 1,000) 21.8 Population per phtysician 48( (197 Crude Death Rate (per 1,000) 8.8 Population per hospital bed 1/(1 (1971) Inifant Mortality (per 1,000 live births) INCOli. DISTRIBIr1ITON (1970) DISTRIBUTiON OF LAND UWNEHRSHIP (year) /7 of national ilicome, W est qui-itile 47 % owned by top 10% of owuiers lowest quintile 5 7. ownied by smallest 10% of owners ACCESS IO PIPED WATER (year) ACCESS TO ELECTRICITY (1Q60) X of population - urban %.. 7 of population - urban 78 - rural .. - ruiral 78 NUrRITION (1974) EDllCATION Caloric intake as 7. of requirements 133 Adult literacy ratc7. '43 (197(0) Per capita protein intake llf Primary schiool enrollmienl: 2 iO4 kI912) CN! PER CAPIIA in 1976 US $ 1,550 GROSS NATIONAL PRODUCT IN 1076 2/ ANNUAL RATE OF GROW'rl (7. constant prices) US $ MLn. % 1960-65 1965-70 1973-7Z 1974-73 197-?': GNP at Market Prices 40,196 100.0 4.4 4.1 7.0 -1.5 -3.5 Gross Domestic tinvestmentv 8,80) 21.9 2.2 7.0 3.9 -7.2 -5.5 Gross National Saving 9,2,,1 23.1 5.3 5.0 -4.8 -20.1 11.1 Current Account Balance 611 1.5 Exports of Goods, NFS 4,66)3 11.6 5.5 5.5 1.7 -23.9 37.9 Imports of Goods, NFS 3,58i 8.9 0.4 5.3 13.7 -0.9 -24.4 OUJPUT, LABOR FORCE AND PRODUCTIVITY IN L973 3' 4/ Value Added Labor Force6 V. A. Per Worker US $ Mll. % Mln. % US $