Not long ago markets had a giant “sell” on Argentina. The currency was tumbling, inflation was spiralling and stocks were going nowhere, as concerns mounted over the country’s ability to resist the allure of its past populist policies. But a late-April announcement from the central bank that it...
I still dont see how the answer to Argentina's problems is waiting for people to send them money.
No economy in the world does well that way.
You need to have industry, consumers, and an in-country economy.
You dont build a viable system by selling the most profitable things to foreign investors cheap.
And the history of foreign investment in Argentina hasnt been all that stellar. Strip mining, offshore oil rigs, and failed consumer chains.
The most successful consumer chains in Argentina are mostly homegrown.
The Chileans own Jumbo and Easy- and they suck, killing small local stores that actually stock what you need, instead selling crap from china.
That doesnt seem like a win to me.
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