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Market Profile
Argentina is a country located in South America, known for its rich culture, history, and diverse landscape. The country has a population of approximately 44 million people and is the second-largest economy in South America. The cultural environment of Argentina is heavily influenced by its European heritage, with a strong emphasis on family, community, and tradition (Llano et al., 2021). The political environment in Argentina is relatively stable, with a democratic government that is currently led by President Alberto Fernández. However, the economic environment in Argentina is currently facing challenges due to high inflation, currency devaluation, and a high level of public debt.
Cultural Profile
There is a great focus on family, community, and tradition in Argentine culture, which may be traced back to the country’s European roots. The Argentine way of communicating is more formal and indirect than the more casual way of talking to people in many other countries. Argentina also has its own unique power gap, individuality, and masculinity. Argentina has its own unique business culture, with a focus on personal connections and getting to know one’s business colleagues. Argentina is also known for its love of sports, its enthusiasm for cuisine and wine, and its strict adherence to formality and punctuality.
Political and Economic Profile
Argentina has a democratic government that is currently led by President Alberto Fernández. The country’s political system is relatively stable, but the economic environment is facing challenges due to high inflation, currency devaluation, and a high level of public debt. The government has implemented a number of policies to address these issues, including currency controls and price controls. Argentina has a mixed economy with both private and public ownership. The country has a high level of public debt, and a high level of inflation, and a high level of unemployment.
Legal and Regulatory Profile
Argentina has a legal and regulatory environment that is generally similar to that of other South American countries. However, there are some specific requirements and regulations that businesses operating in Argentina should be aware of. Businesses operating in Argentina should also be aware of the country’s labor laws, which are generally more favorable to employees than those in many other countries (Friel, 2021). Additionally, businesses should be aware of Argentina’s tax laws and regulations which can be complex. Overall, businesses operating in Argentina should consult with legal and regulatory experts to ensure compliance with all relevant laws and regulations.
References
Friel, D. (2021). Breaking the looking glass: Understanding how emerging market multinationals develop unique firm-specific advantages. Journal of International Management, 27(3), 100831.
Llano, C., Durán, V., Gasco, A., Reynals, E., & Zárate, M. S. (2021). Traditional puesteros’ perceptions of biodiversity in semi-arid Southern Mendoza, Argentina. Journal of Arid Environments, 192, 104553.
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