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Arriazu: "Argentine agriculture could grow by 30% with appropriate policies"

Published Dec 6, 2024

Tridge summary

An economist at the XXII CCI France Business Forum highlighted Argentina's historic economic challenges, emphasizing the necessity for structural reforms and macroeconomic balance for a sustained recovery. The economist pointed out that Argentina is in a severe decline that has been ongoing for over a century and advocated for the restoration of principles such as respect for private property, institutional stability, independent justice, and openness to the world. He criticized the fiscal deficit and limited use of the country's abundant natural resources, and suggested that agricultural growth could be significantly increased with the correct economic policies and by reducing regulatory barriers and high costs. The economist underscored that the real challenge will be to carry out structural reforms to ensure lasting growth, cautioning that these reforms will be pivotal in unleashing the country's productive potential and preventing it from being the 'country of lost opportunities.'
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The economist spoke at the XXII CCI France Business Forum and pointed out that the country faces historic challenges, but stressed that a sustained recovery will depend on structural reforms and macroeconomic balance. Arriazu said that Argentina is going through a "phenomenal decline" that has lasted for more than 120 years. According to him, the country must recover the bases that positioned it as a model of development at the end of the 19th century: respect for private property, institutional stability, independent justice and openness to the world. Fiscal balance and lost opportunities The economist emphasized that the fiscal deficit is "the mother of all problems" and that uncontrolled monetary emission generates internal and external imbalances. "If we do not spend more and do not issue more, we do not have a current account deficit or loss of reserves," he said. In addition, he stressed that the years of historical negative growth coincide with balance of payments crises. ...
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