Argentina looks forward to economic reforms by Milei to boost its knowledge economy

The business organization Argencon has conducted a recent study revealing that 80% of surveyed companies anticipate an increase in exports as a result of the government’s focus on liberalization policies. Half of the respondents even expect export growth to exceed 10%. In the first quarter of 2024, 28 companies from the knowledge economy sector participated in the survey, with majorities from information technology and professional services industries and smaller representations from marketing, audiovisual services, bioscience, and other areas. According to a report from the first half of 2023, exports of knowledge-based services in Argentina reached US$8.06 billion, showing an annual increase of 8.8%.

Looking ahead, many entrepreneurs are hopeful that economic reforms implemented by President Javier Milei’s administration will have a positive impact on employment rates and exports in the knowledge economy sector. In fact, 70% of respondents anticipate growth in employment rates, with over half expecting growth of over 10%. Particularly optimistic are professional services companies, with 33% foreseeing a growth of more than 20%. However, challenges such as difficult access to foreign currency, exchange rate volatility, regulatory complexity

By Riley Johnson

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