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Chapter 15: Argentina > A Future Powerhouse

A Future Powerhouse

If the country could get its act together politically and fiscally, Argentina could easily become the per capita powerhouse of South America for decades to come. It has excellent infrastructure in place. It has a level of sophistication in its major cities that just is not found in emerging markets. The fact that Argentina is still considered an emerging market should be a source of embarrassment to the population.

Fertile farmland and pastures of the Pampas, navigable rivers, spectacular tourist destinations like the Andes and Patagonia, large urban centers, strong cultural expositions . . . these are all hallmarks of a much more developed country. The country has just enough going for it to make it a worthwhile destination for some of your investment dollars. If the people I mentioned earlier are any guide, those dollars should be heading for real estate or other hard assets and not into the stock market or into bank accounts—regardless of the stated return. The past has shown that the government has no qualms when it comes to changing laws overnight or even finding new ways to part you and your money.


  

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