With an optimistic outlook, Daza insisted that the strengthening of the peso will be supported by a sustained increase in the supply of foreign exchange. “It will become one of the strongest in the continent,” he assured.
Economic Freedom
Finally, the Deputy Minister refocused on the need to deepen economic opening. “We are the most closed country in the region and possibly the second or third in the world. To put it into perspective, even North Korea had fewer barriers to international trade than Argentina,” he stated.
He explained that this isolation has negatively impacted productivity, economic development, and technology incorporation.
As an example, he mentioned the case of Vietnam, which after implementing market reforms and abandoning communism significantly multiplied its income per capita.
In contrast, he pointed out that Argentina has accumulated more than a decade of stagnation in that indicator. “If we eliminate the barriers, we will be one of the countries that grows the most in the world,” he concluded.
