[software] In the knowledge economy, the exchange gap implies a disconnection from the world

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It is the third export sector in Argentina, but more and more companies are settling abroad to be able to sell and contract in dollars directly. The imbalances in the economy lead to a distortion in one of the most competitive sectors and with the most potential.
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CÓRDOBA.- Exports from the knowledge-based economy would exceed US$8,000 million this year (in 2022 they were US$7,834 million, which meant an interannual growth of 19.4%), which places them as the third export sector. Around 70% of what is sold to the world are man-hours, professional services. The potential of the sector is great, according to its actors, who emphasize that to continue increasing participation, the “normalization” of the macroeconomy is required. One factor to take into account is that there are many companies that directly settle abroad -without leaving the country- and work from there. It is the model that best adapts to be able to count on talents.

As with other sectors of the economy, specialists emphasize that we must not lose sight of the fact that Argentina could have a much more dominant role in the world. There is data that gives a dimension that growth could have been much more vigorous: between 2010 and 2020 the increase in the knowledge-based economy was 14% in Argentina; Uruguay grew 230%; Poland, 147%; Colombia 104% and Costa Rica, 168%. “Even so,” says Sebastián Mocorrea, president of Argencon, an entity that brings together service providers from all verticals in the sector, “some US$8 billion were exported and 500,000 people were employed.” A graphic definition of the executive is that in a sector that is “coupled” to the world, the exchange gap expresses a “disconnection.” Mocorrea confirms that the numbers show that the country “is not where it should be; “The possibilities are enormous.” Along these lines, he adds that the definition of a strategy is key. “Geopolitics helps; The main markets are the developed ones, where there is connection and talent you can work,” he summarizes.

Now the sector seeks to put on the agenda how to generate development conditions throughout the country, which is why it launched a development “Federal Plan” to implement during the next three government periods. Among the most notable points is the request for changes in the current sectoral law to resume the spirit of 2019, although the fundamental factor will be to achieve macroeconomic order.

Argencon presented, this week, to the presidential candidates Sergio Massa and Javier Milei, the “Federal Economy Plan for the Knowledge Economy”; It includes four axes in which it seeks to work between 2023 and 2035: governance, competitiveness, resource generation and development programs. The sector requested an approval at a public policy level of that program and also the recovery of the original Knowledge Economy law of 2019. “The current regulations, product of the 2020 reform, have a marked anti-export bias, great bureaucratic complexity , important indefinitions and interpretable concepts that open areas exposed to the discretion of the application authority,” they noted.

 

https://www.lanacion.com.ar/economia/comercio-exterior/en-la-economia-del-conocimiento-la-brecha-cambiaria-implica-un-desacople-con-el-mundo-nid09112023/