April 17, 2015
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 ditgital 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

'Blue Cathedral' wine glass music
'Blue Cathedral' wine glass music

Unusual instruments will grace the stage as The Florida Orchestra plays "Blue Cathedral" by Jennifer Higdon.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Weekend poll: You might be a Floridian if you...

  • Own several pairs of flip-flops
  • Can pronounce Okeechobee, Kissimmee , Withlacoochee , Thonotosassa and Micanopy
  • Think a hill is anything above flat
  • Bugs don't bother you (except love bugs when you're driving)
  • All of the above
  • Other (we know you have some - comments welcome!)

See Results

Ballot Box
Subscribe