Subscribe to Florida Trend

NAVIGATION

September 24, 2018
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

Massive ‘Innovation District’ could change Little Haiti forever. But what would that mean?
Massive ‘Innovation District’ could change Little Haiti forever. But what would that mean?

The Magic City Innovation District, a $1 billion real estate development will bring residential, commercial, retail and entertainment spaces to Miami’s Little Haiti neighborhood. Residents fear gentrification.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

With Florida's government projecting a positive budget outlook, what do you think is the most important for state to invest in?

  • Education
  • Environment
  • Health care reform
  • Infrastructure
  • Not spending it, keeping cash reserve
  • Public safety
  • Other (comments welcome)

See Results

Ballot Box
Subscribe