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The multivariate cointegration test are conducted to identify the various factors that act as the determinants of the trade balance (TB) taking place in Argentina since 1982. The results demonstrate the presence of a strong correlation between TB, real exchange rate and foreign and domestic incomes of the country.

Privatizing state pension systems is a remarkable Latin American innovation. The idea of turning over billions of dollars in retirement savings to professional managers has profoundly affected the debate on [...]

In January, President Menem of Argentina proposed strengthening his country's commitment to monetary stability by replacing the peso with the U.S. dollar. Dollarization leaves Argentina without a lender of last resort, but the Federal Reserve's current operating procedure, together with existing Argentine arrangements, mitigates this drawback., By almost any objective measure, Argentina surely stands as one of the outstanding economic success stories of the past decade. Throughout the 1980s, inflation plagued the Argentine economy. By the [...]

American Airlines Inc's acquisition of a stake in Aerolineas Argentinas may help the Argentine airline complete its privatization. The deal could provide Aerolineas the funds needed to modernize its aircraft fleet. The privatization of the Argentine airline was difficult from the outset as it was the country's first effort to remove ownership from the government., Buenos aires -- Since the announcement last July that American Airlines had beaten out Continental Airlines in the battle to acquire a stake in Aerolineas Argentinas a hectic atmosphere has [...]

Argentina was among the leading world economies in the 1930s. However, it degenerated to the status of a third world economy during the 1950s. President Menem embarked on the Convertibility Plan to reverse the economy's decline. He installed Domingo Cavallo as Economic Minister in 1991. The Convertibility Law provided for free market reform, privatization and removal of isolationist policies. Argentina committed itself to the Mercado Comun del Sur as part of its outward-looking economic policies., Overview of the Argentine Economy since 1991 Argentina was among the world-leading nations in the 1930s but then dropped to the status of a 'developing' or 'third world' economy from [...]

The disruption of Mexico's economy in late 1994 triggered a confidence crisis in Argentina that accelerated the restructuring of the banking sector. The restructuring process has involved the privatization of [...]

During the 1970s, Argentina plunged into a public finance crisis. After 30 year of growth in public expenditures, the fiscal deficit had grown to more than ten percent of the [...]

The 1989 State Reform Law has given the Argentine government the legal framework to restructure the economy via privatization. Argentina has amassed $8.87 billion from its privatization program since 1989. The scheduled sell-offs in 1994 are expected to add another $1.48 billion to the collection. The country has also cut its foreign debt by about $17 billion through government debt swap pricing. Listings of privatized companies, companies scheduled for privatization and organizations involved in privatization are presented., Argentina has been referred to as one of the most successful examples of privatization in Latin America. Since the enactment of Law 23,696 ('State Reform Law') in 1989, the Argentine [...]

The Convertibility Plan implemented in 1991 has turned the Argentine economy around and is the most successful reformed economy among Latin American countries. Structural reforms implemented were privatization, trade and investment liberalization, formation of an independent central bank and the reform of the pension fund. 1994 will be characterized by newly formed pension funds and initial public offerings of privatized companies., CONSOLIDATION IN THE FINANCIAL MARKETS AFTER BEING BESIEGED FOR YEARS BY MISMANAGEMENT CULMINATING IN ECONOMIC STAGNATION AND HYPERINFLATION, THE ARGENTINE ECONOMY IN THE PAST TWO YEARS HAS EMERGED AS ONE [...]

The Argentine deficit has declined from 10.5% of the GDP in 1989 to about 1% in 1992 as a result of radical changes in the government's economic policies, spearheaded by Pres Saul Carlos Menem. These reforms included revenue mobilization and expenditure reduction programs. The government managed its insolvency problems by restructuring its financial obligations. In addition, Menem's government sought to promote competition in the trade and finance sectors., Once among the world's most prosperous economies, Argentina has experienced slow economic growth since the 1940s. By the mid-1970s, its long-term growth declined noticeably, and in the last half of [...]

The state owned enterprises of the Argentine Ministry of Defense have dominated the domestic economy. In February of 1991 a major privatization effort was initiated by the Ministry of Defense [...]

Commission of the National Chamber of Deputies, she stated: 'the reason not to deregulate at this moment the provision of international services is the lack of maturity of the public [...]

Governments and private investors often widely differ on the definition of value in the privatization of a state-owned enterprise. Many governments attempt to privatize business that have questionable potential of [...]

Argentina has achieved dynamic changes in its economy with the introduction of Pres Carlos Menem's economic growth model which focused on fiscal and monetary disc ipline and structural reforms of the government sector. Three years hence, the country has shown im pressive improvement in all aspects of the economy. Backed by the State Reform Act, Argentina has p rivatized a total of 150 public enterprises and services, including state-owned enterprises, oil fi eld concessions and joint ventures as well as equity in the telephone company., RESTRUCTURING THE ECONOMY AND THE PUBLIC SECTOR Since the current administration took over in July 1989, Argentina has been undergoing a process of economic transformation as thorough as the profound [...]

Hanging on, and tucking in The president has bought time. She has not solved the economy's problems THE president 'will not leave in a helicopter', promised Julio Alak, Argentina's justice [...]

Argentina's new pension fund scheme is based on the Chilean model. Participation is compulsory for workers aged 18 and above, with the funds to be administered by pension fund management companies whose sole activity will be the management of these monies. A payment system has also been set up. Benefits are basic universal and complementary coverage from the state and additional coverage coming from the deposits in the individual accounts of the affiliates. Other details of the benefits and regulations are also provided.

The Argentina Brady Plan details the country's debt restructuring program with the use of Discount debt reduction and Par interest reduction exchange options which will be collateralized with US Treasury bonds. Argentina, which has US$29.6 billion in external debt and $7.9 billion in accrued interest aims to reduce its external debt to $20 billion by the year 2000 while imposing a ceiling of 2% of GDP on debt payment. In terms of potential capital gains of the Brady options, the PDI bond is superior to the Par and Discount options.

Abstract: Government intervention influences the production and trade of most of the world's unmanufactured tobacco. This article summarizes government policies and intervention in eight major tobacco trading nations and the [...]

The approach followed by the government of Argentina and Brazil in funding the logistics infrastructure is analyzed. The current situation of the shipping industry and the needs of the entrepreneurs of the two countries are discussed.

Argentina's President Nestor Kirchner and Roberto Lavagna, his economy minister, are confident that a majority--albeit a slender one--of bondholders will accept their harsh offer to restructure $84.5 billion worth of [...]

The economies of South America are a study in contrasts. The big economies--Brazil and Argentina--seem co be getting smaller, while the small--Chile--is getting bigger. In Brazil, President Luiz Inacio Lula [...]

Vertical integration in Argentina during the late 20th century is analyzed.

The political opponents of Argentinian Pres Carlos Menem are exerting pressure on him to forego cuts in the 1999 federal budget as the national elections scheduled for Oct 1999 loom closer. However, averting the planned cuts will weaken Argentina's response to a recession and put it in a bad light, considering the International Monetary Fund is monitoring its economic performance. Despite the slowdown, the banking industry has performed credibly, consolidating into five major banks and enjoying sufficient liquidity., Robert Taylor reports on how the political parties are trying to use Argentina's economic worries for their own gain The Argentine financial sector has weathered a difficult year of diminished [...]

Spurred by contracting emerging market bond spreads and a trailblazing deal from Brazil in June, the Republics of Argentina and Venezuela last week embarked on Brady swap plans of their [...]

Several structural reforms and legislation in Argentina have supported the country's economic recovery. Enhancements in Argentina's economy are primarily attributed to strides made under the Convertibility Plan, which is an extensive reform scheme augmented by the recovery of the balance of payments and the passage of the Economic Emergency Law and the State Reform Law. Argentina was able to trim its inflation rate from an annual figure of 1,344% in 1990 to minimal figure of nearly 0.2% through 1996.

The structure of labor-relations regulations in Argentina is currently undergoing consistent changes to reduce labor expenses. Among the prominent new laws recently passed are Law No. 24557, which encompasses prevention of and compensation for labor-related accidents Law No. 24241 or the Retirement Benefits System, and Employment Law No. 24013 promotes employment by creating four types of fixed-term employment contract. Other developments include reforms in the health-care system as accommodated under Decree No. 1141/96, and the introduction of 60 AMPO Ceiling regarding computation of employees and employers' contributions.

Recent changes in Argentina's economy have brought about considerable improvements in the local system of employee benefits and compensation. Prompted mainly by the same factors that influenced changes in the country's economy such as privatization of state companies and the pegging of the peso/dollar exchange rate, these alterations in human resources are actually beneficial to both employees and employers. Employers need to implement efficient benefit communication policies to reinforce employees' loyalty and appreciation for companies' efforts to improve their standard of living.

Port privatization in Buenos Aires has reduced costs, improved efficiency. Can Brazil match the example of its neighbor to the south? An article in the June 5 issue of the [...]