Reply to Hannah Week 2

Regarding your first paragraph, I also found the way that nations set up their economic policies very interesting. It was also interesting to see how the export-oriented economy worked really well for some and not so well for others. For example, like you said Peru had been using guano as a nitrate export but soon the market crashed because they had exhausted their reserves. On the other hand, you can look at Argentina and their exportation of beef. They started with their long horn cattle and moved to short horn when it became necessary for them to do so. They're still known for their beef today. I think that by looking at these two countries it is easy to see that a component of success comes from a nation's flexibility to a changing market.