Fostering Argentina’s integration into the world economy

Robert Grundke and Jens Arnold ()

No 1572, OECD Economics Department Working Papers from OECD Publishing

Abstract: Ever since the early 20th century, Argentina has failed to fully reap the benefits that integrating into the world economy can offer. With exports and imports only accounting for less than 30% of GDP, Argentina is significantly less integrated into the world economy than other emerging market economies. This reflects several decades of inward oriented policies including a strategy of industrialisation through import substitution. Trading little, Argentina has also remained on the side-lines of global value chains, all of which represents significant lost opportunities for growth and well-being. This paper, based on a chapter in the 2019 Economic Survey of Argentina, analyses the potential benefits and distributional effects of a stronger integration into the global economy. It also discusses policy options for opening up and for accompanying policies to ease the transition towards a more open economy. This Working Paper relates to the 2019 OECD Economic Survey of Argentina http://www.oecd.org/economy/argentina-economic-snapshot/

Keywords: adjustment costs; Argentina; domestic distortions; empirical trade analysis; factor reallocation; International trade; trade openess (search for similar items in EconPapers)
JEL-codes: F13 F14 F16 (search for similar items in EconPapers)
Date: 2019-10-16
New Economics Papers: this item is included in nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1572-en

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