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by warseph
5494 days ago
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My 2 cents :)
The article gets right both the inflation and the corruption problems in Argentina. However, it seems to be a bit biased, as it shows only one real case of success and several failures, and the fact that one of the interviewees is the son of a former Minister of Economy of Argentina (Domingo Cavallo), whose economical model was the main cause of the 2001 crisis, which the author seems to have forgotten to mention in the article.
I've worked in both argentinean and US founded companies here in Argentina, and the reality, at least from my experience, is that the economic environment isn't as hostile as the article describes. I've been in companies that made millions (dollars, btw) and I've also seen some that lost everything (specially in the 2001 crisis), but the truth is Argentina is a cheap country for investment and with a lot of highly qualified man power. I have to agree, investing in Argentina is kind of a bet, and making your company work well involves a lot of work, but, specially if your objective is to export the product/service, it might provide an awesome ROI. |
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