Liberalization Policies in Argentina: Boosting the Knowledge Economy Sector with Increased Exports and Employment

Anticipated economic reforms by Milei set to boost Argentine knowledge economy

The knowledge economy sector in Argentina is expected to experience significant growth thanks to the economic reforms implemented by President Javier Milei’s administration. According to a study conducted by Argencon, a business organization, 80% of the companies surveyed anticipate a growth in exports due to the government’s liberalization policies.

The survey, which included 28 companies in the knowledge economy, showed that half of the respondents expect export growth to exceed 10%. The majority of companies represented in the study were from the information technology sector, professional services, marketing, bioscience, bioeconomy, and other areas. Data from the first half of 2023 indicated that knowledge-based services exports had reached $8.06 billion, representing an annual increase of 8.8%.

Furthermore, the survey results showed that 70% of respondents anticipate an increase in employment, with more than half projecting growth of over 10%. Professional services companies are particularly optimistic, with 33% expecting growth of more than 20%. However, access to foreign currency and the absence of exchange rate unification were highlighted as major challenges by the respondents.

Argencon’s president, Sebastián Mocorrea, stated that the elimination of foreign exchange restrictions, stabilization of the exchange rate

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