Argentina has spent more than half a century with the public sector spending above its public income. High and systematic fiscal deficit leads to money printing that generates inflation, unsustainable growth of the public debt and an anti-export environment that aggravates external constraints and hinders social development.SEE REPORT
Bolsonaro shows arrogance in the approach to many problems in Brazil. But it manifests a striking ambiguity and timidity in the face of the severe pension crisis. As it happens in Argentina, opting for gradualism to face this challenge is the best way to make the government plan fail.
To overcome the recurrence of economic crises, it is essential to clean up the public finances. This demands a more sustainable pension system. The reforms should consider that Argentina, a country still relatively young, spends on retirements more than much older societies.
2019 will be a landmark in the development of the industrialization of marijuana. This derives from the fact that legalization, both for therapeutic and recreational use, is a worldwide trend. Argentina oscillates between the police persecution and the commercial agreements with foreign companies for its industrialization.
A concern expressed by the G20 is access to social protection in jobs generated by digital platforms. In Argentina, universal coverage mechanisms operate; therefore, instead of devising restrictive regulations for these types of jobs, it would be desirable to expand them. (more…)