Road Competition
The year 1930 marked the peak of the company’s prosperity but towards the end of that year the ill effects of the progressive devaluation of the Argentine peso began to be felt and labour costs began to increase substantially. The company was also facing increasing competition from transport on the expanding road network.
Read more about this topic: Gran Ferrocarril Sur
Famous quotes containing the words road and/or competition:
“The right road lies under your tongue—just ask.”
—Chinese proverb.
“Knowledge in the form of an informational commodity indispensable to productive power is already, and will continue to be, a major—perhaps the major—stake in the worldwide competition for power. It is conceivable that the nation-states will one day fight for control of information, just as they battled in the past for control over territory, and afterwards for control over access to and exploitation of raw materials and cheap labor.”
—Jean François Lyotard (b. 1924)