• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Argentina’s new policies to elevate local knowledge sector

Argentina’s new policies to elevate local knowledge sector

Argentina new policies
Photo from Chequeado.com

BUENOS AIRES, ARGENTINA — Argentina’s President Javier Milei recently introduced a series of economic reforms aimed at enhancing the country’s knowledge economy. 

Entrepreneurs across Argentina are optimistic, foreseeing a surge in employment and an increase in exports within the sector.

A recent survey conducted by Argencon revealed that 80% of companies anticipate export growth following the new policy initiatives focused on liberalization. Notably, half of the respondents expect this growth to surpass 10%. 

The survey, which took place in the first quarter of 2024, involved 28 companies from various segments of the knowledge economy, including information technology, professional services, marketing, audiovisual services, bioscience, and other areas.

Argencon’s report from the first half of 2023 highlighted that exports of knowledge-based services had already seen an 8.8% annual increase, reaching US$8.06 billion. 

This year, 70% of companies surveyed predict a rise in employment, with more than half projecting an increase of over 10%. 

Professional services companies are particularly optimistic, with 33% estimating growth of more than 20%.

However, challenges such as difficult access to foreign currency and the lack of exchange rate unification have been identified as significant hurdles. 

Argencon President Sebastián Mocorrea emphasized the positive impact of Milei’s reforms, stating, “The results confirm that with the elimination of foreign exchange restrictions, the stabilization of the exchange rate, the simplification of regulations and the reforms announced in the labor market, the knowledge economy will see a significant improvement in its international competitive capacity.”

Despite the optimism, companies also highlighted obstacles such as regulatory complexity, the inability to pay salaries in U.S. dollars, and deficiencies in digital talent training and English language skills. 

Nevertheless, 45% of respondents believe that the demand for knowledge-based services in Latin America will match or exceed global growth, underscoring the potential for Argentina’s knowledge economy to thrive under President Milei’s economic reforms.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 4000+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image