So even less real competition. Should be a cake walk for someone with a decent success track record if they want to do it.
There are many positive things about Argentina... but doing business is not one of them. It's certainly not a "cake walk." You have all of the problems that any business faces, but with a few twists. Here's just a sample of what the PYMEs take on:
1) High barriers to entry. You can't just log onto your computer and register an LLC. You're required to have an accountant, lawyer, and sometimes even an architect just to START your business.
2) Extremely high taxes that make it very hard to reinvest and grow.
3) You don't "hire" employees in Argentina — you adopt them. It's impossible to fire even the worst employee without paying out a massive severance. (Having a legal employee is also very expensive, which is one of the reasons why nearly 50% of the country works "en negro.")
4) The government is constantly changing the rules, which makes it impossible to plan for the future.
5) Argentines are not some strange breed of people who LIKE bad service... but they tend to not value it as much as people in other countries. Simply having good service is not enough for success.
6) The country is in constant crisis and the average person has little disposable income.
Can you make money in Argentina? Sure. But the deck is heavily stacked against the small businessman. Honestly, it's probably better to be an employee than open a business in Argentina.