Florida Trend
Get FREE Business News Updates

NAVIGATION

February 13, 2016
Trading Partner: Argentina - On the Edge of Crisis

Photo: David Fernandez/EFE

Protests against Chevron at the offices of national oil company YPF in Buenos Aires

International Trade

Trading Partner: Argentina - On the Edge of Crisis

| 9/11/2013

The South American nation's economy continues to crumble, leaving foreign companies nervous about doing business there and sending capital fleeing. Leftist President Cristina Fernandez de Kirchner has nationalized companies in industries from oil to transportation, instituted price controls on hundreds of consumer products and banned Argentines from buying dollars. The country’s official inflation rate has been above 10% all year, but many economists, including those at MIT’s Sloan School of Management, estimate the true figure is more like 25%. Cut off from international capital markets for more than a decade, Argentina can only pay its debts with currency reserves, which are diminishing as individuals and companies move money out of the country, says Jerry Haar, a professor of management and international business at Florida International University.

Tags: International Trade, International

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Table Talk - Trends in meat & fish
Table Talk - Trends in meat & fish

Florida Trend restaurant editor Chris Sherman answers the longstanding question, "Where's the beef?" and speaks his mind about Florida's best "catch" on the fish front.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Democrat's turn: Who do you think will ultimately be the Dems nominee for the 2016 presidential race?

  • Sanders
  • Clinton

See Results

Ballot Box
Subscribe