MercoPress. South Atlantic News Agency
Argentina’s economic performance ‘below’ South America’s average
The Argentine ‘development model’ had had its successes but it belongs to the average group of most South American countries that benefited by the explosive advance of commodity prices and since 2007 has fallen to the bottom half of performers in the region according to former Economy minister Martin Lousteau. Read full article
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Disclaimer & comment rulesAmerican Keynesian economist Mark Weisbrot calculated that only 13% of Argentina's growth under Kirchner had to do with commodity exports.
May 04th, 2011 - 11:35 pm - Link - Report abuse 0http://articles.latimes.com/2007/oct/30/opinion/oe-weisbrot30
The article below also says that, while the commodity boom benefitted small countries Bolivia, Venezuela, Chile, and other small countries in South America, its impact for the bigger countries, Brazil and Argentina, was very limited.
http://articles.latimes.com/2007/oct/30/opinion/oe-weisbrot30
The tendency to attribute growth in the region to Chinese demand, commodity exports, and the like, is nothing but an attempt to dismiss growth promoted under heterodox regimes.
http://af.reuters.com/article/topNews/idAFJOE74001R20110501?sp=true
May 05th, 2011 - 08:19 am - Link - Report abuse 0“neighbouring Chile with half the population has become the second exporter of South America”
May 05th, 2011 - 01:17 pm - Link - Report abuse 0????????
Wrong Lousteau
Exporting countries ranking in SA
1-Brazil
2-Argentina
3-Venezuela
4-Chile
5-Colombia
6-Peru
7-Ecuador
8-Paraguay
9-Bolivia
10-Uruguay
Exports ratio Argentina’s GDP= 16%
Source IMF, WB, FB, etc.
Surely figures from the IMF about Argentina cannot be correct Nico? don't they always conflict the official RG government figures?
May 05th, 2011 - 06:28 pm - Link - Report abuse 0;-)
#4 .. U are right !
May 05th, 2011 - 08:09 pm - Link - Report abuse 0The correct list below ( 2010 accounts)
1....Brasil
2....Chile
3....Argentina
4....Venezuela
5....Colombia
6....Peru
7....Ecuador
8....Uruguay
9....Bolivia
10..Paraguay.
“neighbouring Chile with half the population has become the second exporter of South America”
May 05th, 2011 - 08:26 pm - Link - Report abuse 0First of all, no.
Second... how could Chile beat Argentina on exports? On what area?
Agriculture?
Auto industry?
There is just no possible way...
2010 / exports/
May 05th, 2011 - 08:49 pm - Link - Report abuse 0Chile .... 69622 millions US $
Argentina... 68530 millions US $
Mate Fierro... seems you haven't been for quite a while down in southamerica. Are you really that surprised about the export figures? Chile has started to overtake Argentina in Total exports already since some years, with the exception of 2009, where Argentina regained with a very minimal advantage. 2010 Chile again exported more (71.089 billion USD vs 68.450 billion of Argentina) and according to the figures running in 2011, the gap will dramatically increase... Chile is known to be re 2nd powerhouse of exports in South America. Check the data in the internet, you'll find it anywhere.
May 06th, 2011 - 12:45 am - Link - Report abuse 0So what if a country exports more? Life standards improve with GDP growth, not exports growth alone. Plus, there's also a downside to high dependence on exports - namely, greater exposure to the international market's vicissitudes. Considering the instability of the global economic outlook, countries should do well to reduce their reliance on exports to focus more on the internal market. Some East Asian big exporters - for example, Malaysia - are already doing that.
May 06th, 2011 - 02:50 am - Link - Report abuse 0* would do well
May 06th, 2011 - 02:51 am - Link - Report abuse 0Forgetit, more exports do not automatically improve life standards, thats right... but they are anyway an indicator for wealth accumulation of a nation, bringing alot of benefits for the respective state and are correlated with each other (all the big export nations are wealthy and powerfull nations, and if not, do have increased life standards during the phase of export growth)
May 06th, 2011 - 11:00 am - Link - Report abuse 0I would say, total exports are less relevant than exports per capita, because they give you a certain reflection of productivity. What you mention with the “internal market” is an idealistic idea of maybe 2 centuries ago, but in no way reflects reality nowerdays. And this also doesnt work for small countries with a small population (and we have several in small population for southamerica. If a state tries to only “exist” for his own market, sooner or later it gets devoured by the outsider, or the other alternative to avoid that scenario, would be isolation. We have several countries on this planet, which show that isolation is the worst possible path to go.
For Martin, here the “freshest” official export values of southamerica 2010, in Billion USD:
1. BRA 201,9
2. CHI 71,0
3. ARG 68,5
4. VEN 57,6
5. COL 40,2
6. PER 33,5
7. ECU 17,4
8. URU 7,4
9. BOL 6,8
10.PAR 5,8
Current 2011 export figures for Jan - Mar in Million USD:
CHI 20.021
ARG 17.104
with a very amateurish (I know its very simplistic) forcast from my side, this would end in 2011 with about 80 billion exports for Chile and again about 68 billion for Argentina.
”Exportaciones en millones de dólares (FOB) SORG”
May 06th, 2011 - 01:29 pm - Link - Report abuse 0Exports in millions of USD (FOB) SORG period 2010/11
Source official statistics Central Bank of Chile
$67,915
[] 11 ---
May 06th, 2011 - 01:48 pm - Link - Report abuse 0in the year of 2010 ...
Chile's export main export item is Minerals (Copper....)= 44 Bly $
Chile's industrial export item = 19 Bly $
Chile is still raw material counrty( like Argentina)...it's exporting
performance depends on minerals' bourse values....no guarantee..
these are for all i know ....
Nicodin, I find it funny that for some Argentinians it seems to be an unbearable situation, that we export more, and try to find any trace to “prove the opposite”. What you have quoted is the early ESTIMATION of exports from the central bank during beginning 2010, I have given you actual and CONFIRMED data from the central bank. Can you post the link to your figures, I give you mine:
May 07th, 2011 - 09:59 am - Link - Report abuse 0http://www.bcentral.cl/estadisticas-economicas/series-indicadores/xls/Balanza_comercial.xls
Geo: yes, copper industry is our main branch, but i tell you something: even without the WHOLE Copper exports, we still have a higher per capita ratio on exports than Argentina. By the way... what is Argentinas main export product? Its Soy beans.
Most southamerican countries are raw material exporters (which is nothing bad by the way as always said), with the maybe exception of Brazil.
#14 ManRod /
May 07th, 2011 - 02:08 pm - Link - Report abuse 0no doubt,Chile is more productive and sane country than Argentina.
Forgetit's first link to the los Angeles Times (@ #1), is useful historic background but it is some years old, and it massively underplays today's commodity export boom.
May 07th, 2011 - 09:21 pm - Link - Report abuse 0But it did draw my attention to the 2001 IMF Default. $100 billion US. Was it ever repaid?
Because if it remained on the Credit account through the following decade it would be quite easy to show Growth, both in home markets and export.
I am also exercised by the lack of benchmarking in these uses of Relative Percentage change in exports, etc.
If a country, like Argentina, had a real nose-dive in some economic measurement, the following years of clawing-back could show huge % increases; but would these percentages reflect true national advantage?
Not really.
And surely these bald figures and their rankings - at #3, 5, 7, 11 - should take into account Inflation Rates in each country - otherwise how can we know their worth to the national economies?
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