The Rise of the Knowledge Economy in Argentina: President Milei’s Policies Boost Exports and Employment

Anticipated economic reforms by Milei set to boost Argentine knowledge economy

The liberalization policies implemented by President Javier Milei’s administration have given a boost to the knowledge economy in Argentina. A study conducted by Argencon, a business organization, revealed that 80% of the companies surveyed anticipate an increase in exports due to the government’s reforms.

The survey included 28 companies in the knowledge economy and 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 regulatory complexity and labor market reforms will enhance the international competitiveness of the knowledge economy. This will lead to a significant increase in employment and exports. Regulatory complexity was identified as one of the obstacles by entrepreneurs along with issues related to digital talent and English skills.

Looking ahead, entrepreneurs believe that market demand for knowledge-based services in Latin America will align with global growth rates while another group anticipates a higher demand. Overall sentiment among entrepreneurs is one of cautious optimism as they look forward to

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