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Article: Argentina's capital returns to life. (economic and social conditions in Buenos Aires)
- Article from:
- The Economist (US)
- Article date:
- April 15, 1995
CopyrightCOPYRIGHT 1995 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOW inflation is only part of the comeback story in Buenos Aires. Even as Argentina starts a new round of public-spending cuts, its capital is flexing the cultural muscles that once supported its claim to be "the Paris of the South".
Earlier this century, beef and grain exports financed the city's evolution from backward port to cultural hub. French and Italian architects came in droves and the arts flourished. Foreign orchestras, ballet and opera companies queued to perform in the elegant Teatro Colon. The tango, low-life as respectable Argentines had till then thought it, became an international rage in the 1920s. By the 1940s most Latin American books were ...