Companies in Argentina (from my email)

From Krzysztof Tyszka-Drozdowski:

Every weekend, I try to go through interesting articles about Argentina. Here’s something from La Nación that surprised me: it discusses the relatively weak standing of Argentine companies internationally. (https://www.lanacion.com.ar/opinion/las-empresas-argentinas-ante-un-cambio-de-perfil-nid11012025/):

– only 3 of the top 50 largest Latin American companies are Argentine (22 are Brazilian, 14 Mexican, and 8 Chilean). Moreover, only 7 of the top 100 largest Latin American companies are Argentine.

– there are just about $50 billion invested by Argentine companies abroad; compared to $300 billion from Brazil, $215 billion from Mexico, $140 billion from Chile, and $75 billion from Colombia.

Argentina still has a long way to go!

>By the way, what would be your answer to the question: why is Argentina not Australia? I’m currently reading the book ‘Por qué Argentina no fue Australia’ by Gerchunoff and Fajgelbaum, which discusses this topic.