Who says factories and farms alone can deliver economies of today? Well, Argentina steadfastly transitions as services sectors like finance, tourism, media and outsourced business processes contribute close to 60% of national GDP today! By 2019, diverse service enterprises already engaged almost 8 million Argentines signaling immense job creation potential ahead as the economy formalizes.
Propelled by high literacy rates, a demanding middle class and increasing internet connectivity, Argentina’s services management, logistics and scientific skills are finding takers globally! Yet, the country’s true services export leadership potential remains untapped when benchmarked with regional stars like Chile or Colombia who attract much higher services foreign direct investments.
So what must Argentina now prioritize to claim its rightful services crown in Latin America? Well, for starters – language skills development, infrastructure upgrading encompassing power, transport and IT connectivity, digitizing delivery processes and targeted incubation facilities for high-value sub-sectors like health technology, creative arts, ecological tourism and more.
We feel Argentina’s double-digit services export target is eminently feasible with the right public-private partnership blueprint as global outsourcing shifts market needs ever more dynamic. Our team can readily lend regional policy experience guiding initiatives – be it startup incubation models, investment promotion programs or trade agreement negotiations for Argentina to sign as a proud global services partner!