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Argentina’s struggle for transformational change

A leading Buenos Aires law firm Wiener Soto Caparros writes of the nation’s struggle for transformation. From a dark past of 70 years of Peronism, high levels of corruption and a weak legal system the new business friendly Macri government’s program of incremental change has some serious challenges ahead.

Argentina has had many booms & busts and U-turns around market liberalisation, and voters would react against a radical overhauling of the Venezuela-style benefits they became used to under the previous government. The Macri government has therefore concentrated instead on working with the private sector to foster growth – for example, it has lowered export duties, repaid its creditors and created the world’s biggest tax amnesty. As a result, opportunities are presenting themselves for overseas investors in specific sectors of the economy – provided they set up their partnerships carefully.

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Source: LANZBC

 

 

 

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Geoffrey McRae

About Geoffrey McRae

Geoffrey McRae is the founder of GTSA - Marketing. He is a New Zealander with a strong Agro-business and Real Estate background spanning over 30 years both in his own country and South America. I hope you enjoy reading our news site. Please share it on your social media below.

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