This work analyses the larger component of the foreign trade of Argentina and the generation of local income and earnings, Argentina Constitutional Foundation, Argentina Income Security, Labor Market Flexibility, Corporate Governance and Argentina Structure of Capital Markets…
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Argentina economy is the third biggest economy in Latin America, with high standards of living and per capita income. Argentina is an upper middle-income economy and exhibits the characteristics of a strong foundation for future market size expansion, and increments in foreign direct investment. It also exhibits an augment in the percentage of high technology exports as a share of the entire manufactured products. Argentina gains from rich natural resources, high literacy rates of its population, an agricultural sector which is export oriented, and a diversified industrial base. Traditionally, Argentine economy had been agriculture based, but in the recent years, service and industrial sectors have grown in importance (Paolera & Taylor 88).
Prior to the 1880s, the country relied on the salted meat, leather, hide, and wool industries for the larger component of its foreign trade and the generation of local income and earnings. Over the years, the country has experienced economic expansion in the various sectors. Argentina is among the international principal producers of agricultural commodities. The country is amongst the top producers and exporters of fruits and vegetables, maize, soybeans, honey, wheat and sorghum among others. In 2010, the agriculture sector accounted for 9 percent of the Gross Domestic Product (Paolera & Taylor 90). The manufacturing sector of the economy accounts for 19 percent of the country’s economy. The manufacturing and agriculture sectors of the economy are well integrated; more than half of the country’s industrial exports are agricultural in nature. ...
0, the country experienced persistent economic crises, relentless current account and fiscal deficits, high inflation rates, escalating external debt, and capital outflows. A severe economic depression, escalating external and public indebtedness, and bank run culminated in 2001 were the most serious social, political and economic crisis in the Argentina turbulent history. In December 2001, interim President Adolfo Rodriguez SAA declared a default on the government’s external debt, which was the biggest in history. President Rodriguez resigned a few days after taking office (Baer & Fleisher 8).3 In early 2002, Rodriguez’s successor, Eduardo Duhalde, declared an end to the peso’s 10 years long 1-to-1 peg to the U.S. dollar. During this year, there was deterioration of the economy with real GDP being 18 percent lower compared to that of 1998 and almost 60 percent of the Argentines were living under the poverty line. After six years, the economy started to grow with an average real GDP annual growth rate of 8.5 percent. The economy took advantage of previously inactive labor and industrial capacity, a bold debt restructuring and diminished debt burden, excellent global financial conditions, and expansionary fiscal and monetary policies. Also, the economy experienced high rates of inflation (Baer & Fleisher 10).3 However, in early 2007, President Nestor Kirchner’s administration responded to the inflation through price restraints on businesses and export taxes and controls. In late 2007, Cristina Kirchner succeeded her husband as President, and the rapid growth of the economy of previous years started to slow down sharply in 2008. This was as a result of government policies, which reduced exports and the global economy fell into recession. The economy has recovered
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(“Argentina Economy - Analysis Project Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1398773-argentina-economy-analysis-project
(Argentina Economy - Analysis Project Research Paper)
“Argentina Economy - Analysis Project Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1398773-argentina-economy-analysis-project.
Portugal has a higher GNI compared to Argentina. However, it also experiences the same trend in GNI changes as Portugal. For example, its GNI rose from 22,180 in 2006 to 23,360 in 2007 and 24,100 in 2008. In 2009, this figure slightly dropped to 24,080 (IMF, 2010).
Economists described the 1998-2002 Argentina’s economic meltdown as one of the worst economic period that Argentina has ever faced over the last one hundred years. Fiscal policies usually influence financial stability of a country. Financial collapse witnessed in Argentina was a set back to the countries economic growth.
Argentina has a strong agricultural base and an industrial background promoting its export sector. It is termed as a growing economy by many analysts. Its chief exports are Soyabean and Soy Products and Vehicle parts with Brazil and China being the main export partners.The overall strong labour force coupled with natural resources, Argentina promises to pave way for future success.
Similarly, proper and careful planning plays a crucial role in project management because of several benefits such as helping in time management, cost management, schedule allocation and risk identification. All these parameters contribute towards the success of a project, which is usually hard to achieve.
Russia is a country which was once a super power along with USA which is now considered as a developing nation due to their economic and living standards. If we define developing nation, it can be described as one which provides a healthy living environment for its citizen along with much advanced economic status.
The high rate of literacy, the proper health conditions and the stable political scenario make the country conducive for FDI. Along with that the patterns of the GDP as well as the other economic indicators like the trade and the budget figures tell that the country has a positive pattern in the future, with a very low rate of inflation.
As shown in the essay, Argentina is endowed with enormous amount of resources including fertile agricultural land and has an export-oriented agricultural sector. Despite these natural resources, economic performance of Argentina has not been stable in the last decades. The country is characterised by income inequality and high rates of poverty.
The progress of any economy is measured by the amount of the foreign direct investment (FDI) that it both receives and places abroad. Of the current transition economies, Brazil comes second only to China as the world’s largest holder of foreign direct investment with a stockpile of $30.8 billion as of 2000.
The collapse of Argentina’s economy in December 2001 indicated the failure of neoliberalism among developing countries to provide equitable and sustainable economic growth. This paper focuses on a brand new economic nationalism, introduced after the 2002 crisis. The relative success of the new economic policies is considered in the research paper.