Post war Japan built a gobal economy through the efforts of people and what we here refer to as cottage industries. (Thomas Edison in Orange, N.J. Microsoft in a friend's garage.) If you subtract the 3% from the 14% call unemployment 11%, project job growth by extrapolating the the growth of small businesses (The backbone of our economy) and don't scorn the informal economy--while it may not provide taxes and limit the ability of the Govt. to "help" people in the informal economy make fewer demands on Govt. services and create less of an economic burden on the Govt.
Improved workplace environments will draw people into the more formal economy and productivity will aid the bottom line.
One thing I remember from my school days is that Argentina's economy is resilient. With productivity, success breeds success and based on your information, Argentina has much to look forward to.
Ultimately, with the global economy gravitating to new opportunities, multi-national is no longer a word triggering fear of losing control, but of different people from different nations gaining control over an increasingly larger and more complex economy.
Good luck to you in Argentina. Thank you for the data. And, not to let Scott feel neglected, while News Channel experts may seem to behave like a dog with a bone, the real problem is that the marketing strategy (read advertising strategy) of news today is like the old communist aphorism about bread and circus. Unfortunately, watching people juggle loaves of bread has replaced eating bread as a national pastime. However, fear not, when the masses get hungry enough, they will turn away from the clowns and back to the bakers.
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