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Workshop on Human Resource and Economic Development August 22- Sept 04, 2007 Taipei (Taiwan)

Argentina Country Report Mr. Juan José Castro Ministry of Economy and Production jjcastr@mecon.gov.ar. Workshop on Human Resource and Economic Development August 22- Sept 04, 2007 Taipei (Taiwan). Average: 8.9%. Average: 8.7%. Average:5.4%. Average:2.8%. Average:1.7%.

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Workshop on Human Resource and Economic Development August 22- Sept 04, 2007 Taipei (Taiwan)

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  1. ArgentinaCountry ReportMr. Juan José CastroMinistry of Economy and Productionjjcastr@mecon.gov.ar Workshop on Human Resource and Economic Development August 22- Sept 04, 2007 Taipei (Taiwan)

  2. Average: 8.9% Average: 8.7% Average:5.4% Average:2.8% Average:1.7% Over the past four years Argentina grew at an annual average rate of around 9%, ranking among the fastest growing economies worldwide Developing Asia G7: Most developed economies Source: ProsperAr based on IMF, WEO databases. Developing Asia: includes 23 countries such as China, India, Indonesia, Philippines, Vietnam, Bangladesh, Fiji and Pakistan, among others.

  3. …and one of the engine was the industrial sector +38.8% • Fuente: Ministry of Economy and Production

  4. Growth is based on solid macroeconomic foundations that strengthen the country’s economy and rule out the possibility of a crisis in the mid term. Fiscal and Current Account Surplus (in millions of pesos) International Reserves (in billions of dollars) Primary Fiscal Balance Current Account Balance Source: Ministry of Economy and Production.

  5. Argentina’s income per capita measured in terms of purchasing power parity (ppp) is the highest in the region. * Estimated Source: ProsperAr based on IMF World Economic Outlook.

  6. In addition, Argentina has a solid base of competitive structural factors and capabilities to offer the world a differential value proposition. Knowledge Nature Culture Skills Abundance of land and natural resources A wide variety of mineral and energy resources Diversity of regions, topography and climate Public and private commitment to preserve nature and sustainable development Diverse cultural capital and outstanding productions in various fields Important international figures and works of art Rich Urban life with a wealth of cultural possibilities International destination chosen for its quality of life and tourism Qualified Human Resources High level of education and training Prestigious Universities Highly competent Research Centers Highly competitive health indicators Ability to learn, undertake endeavors and innovations Strong industrial tradition Modern infrastructure and technological availability World-class agricultural and industrial commodities ET with permanent and strategic outlook Competitive SME center

  7. Natural ResourcesArgentina has leveraged on the richness and diversity of its natural resources to develop highly competitive agribusiness activities Wheat Productivity Year 2005. Argentina = 100 Corn Productivity Year 2005. Argentina = 100 Soy Productivity Year 2005. Argentina = 100 Source: ProsperAr based on FAO

  8. This process occurs within a favorable political/institutional framework for investments. • Full enforcement of civil and democratic rights. • Argentina is a country where freedom prevails in every area, as confirmed by the Freedom in the World 2007 report. • Democracy • Within a framework of freedom and full enforcement of the rule of law, our country has moved consistently towards strengthening the democratic system following the institutional crisis in 2000. The new composition and structure of the Supreme Court of Justice of the Nation is a milestone in this sense that reinforces the independence of the Judiciary. • Respect for Human Rights • There is full respect for human rights. The Courts have reviewed cases related to crimes of lese humanity committed in the past; convicted those involved; and reopened new investigations to avoid impunity. • Strategically Safe Country • Old-time conflict hypotheses with neighboring countries have been defused following the regional economic integration. There are neither terrorist groups, drug trafficking, gangs or organized crime activities. There are no differences between religious or ethnic groups that could affect the security, or the institutional and economic activity of the country. • Country of choice among multinational companies • Argentina ranks 18th out of 25 countries of choice among the largest 100 multinational corporations, according to the UNCTAD report. • Good quality of life • Argentina ranks 10th on the quality of life index prepared by the specialized publication International Living. • Preferred international tourism destination • Argentina ranks 5th as preferred international tourism destination, according to the FutureBrand report . Buenos Aires was rated the 7th best city to visit (Travel & Leisure 2006).

  9. IndustryA long industrial tradition has enabled us to reach an expansive and diverse manufacturing ecosystem A significant number of transnational companies have been present in the country for decades and progressively participated in the generation of value added activities. A group of prime national companies strongly internationalized and world-class. A segment of flexible, innovative and dynamic SMEs • As an example, the annual production capacity of local industry includes: • 7 million tons of vegetable oils and over 20 million in by-products, • Over15 million hectoliters of wine, • 400 thousand tons of tanned leather, • 1.2 million tons of paper, • 200 thousand tons of PVC and over 1.5 million tons of derivatives such as propylene and polyethylene. • 275 thousand tons of raw aluminum, • 5 million tons of steel and • 4.15 million tons of seamless and non-seamless pipes, • 550 thousand automobiles.

  10. Some Social and Education Statistics...

  11. Argentina Socioeconomic Indicators Source: UNDP. 2006 Report on Human Development.

  12. Environment…within the context of a sustainable environment. Argentina ranks 9th among 146 countries in environmental sustainability Environmental Sustainability Index elaborated by environmental experts from Yale and Columbia.

  13. EducationArgentina is also characterized by its high educational and cultural level based on the high education standards, similar to developed countries School Attendance Expectations In years Adult Literacy Rate (+15 years) % Source: ProsperAr based on GED 2006, UNESCO.

  14. Argentina has high level of enrolment (secondary a tertiary level) Secundary School, Net Enrolment Rate (%)(1) Tertiary Education: Enrolment Rate (%) Source: ProsperAr based on GED 2006, UNESCO.

  15. Contribution of the argentinian educational system to the economic development…. Fuente: ProsperAr based on UNESCO.

  16. The challenge...

  17. Argentina faces a unique opportunity given its healthy macroeconomic situation and sustainable growth coupled with a favorable international scenario. Substantial accumulation of reserves with reasonable goals Steady growth of global economy and international trade Four years steady growth at an average rate around 9% Favorable trade terms based on high price of “commodities” and natural resources. Twin Surpluses: fiscal and external Extraordinary international liquidity SUSTAINABLE GROWTH IN ARGENTINA Growth of exports and imports with positive trade balance DOMESTIC SITUATION FAVORABLE INTERNATIONAL SCENARIO Low global interest rates “Tight” monetary policy Global splitting of value chains New global consumption patterns (product differentiation) Competitive and stable exchange rate Record profitability in prime companies Increasing demand for alternative energy sources

  18. For Educational and Scientific National System it means… • To satisfy the demand growing for especialized technics and enginners in industrial activities. • Developing of HHRR to reach a competitive country on production of high added valued goods. • To have a R+D national networking strongly linked to productive sector.

  19. ANNEX

  20. Natural Resources and Agro-industry…being a leading producer and/or exporter in various agroindustrial segments. • The Argentine territory has almost 250,000 km2 of farmland. • This large quantity of fertile land together with a competitive industry places Argentina as: • The N° 1 world producer and exporter of Sunflower Oil. • The N° 1 world exporter and 3rd leading world producer of Soy Oil. • The N° 1 world exporter and 3rd leading world producer of Honey. • The N° 1 world exporter of Horse Meat. • The N° 1 world exporter of Pears. • The 2nd leading world exporter of Peanut Oil. • The 3rd leading world producer of Beef. • The 3rd leading world producer of Soy Beans. • The 3rd leading world producer and the N° 1 exporter of Lemons. • The 5th leading world producer of Wine. Source: ProsperAr based on FAO.

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