Interlocking directorates can play important roles for the organization and performance of business, as well as for the structuring of economic power (Mizruchi 1996). We are particularly interested in the historical embeddedness of board interlocks and transformations in their significance and structure over time. This chapter focuses on the factors that fueled changes and shifts in Argentine board interlocks throughout the twentieth century. Argentina offers an interesting context because its troubled economic performance has been a puzzling case in literature concerning development economics. Its capitalist system has undergone multiple transformations over the years. Despite its ranking as a comparatively rich country in the early twentieth century, it steadily drifted farther from industrial economies, until the collapse of the economy in 2001.
