The aim of this work is to explain how the state-business relation has influenced economic development in Argentina. I will make a historical and systemic analysis of the Argentinian case to illustrate how and why state-business relations supporting privileged accumulation spaces (PAS) increased development restrictions from 1966 to 1989.

During this period, successive governments shared a common view about the central role the state had to perform for industrialization, especially by supporting the growth of big domestic industrial companies. This view would only radically change in 1989, when neoliberal structural reforms were implemented.

To support this hypothesis, I suggest a methodological strategy that combines several techniques and sources in order to analyze the evolution of three complex variables and their multiple relations: state economic intervention, business behavior, and performance by large corporations.