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2017 OECD Economic Surveys: Argentina 2017

Multi-dimensional Economic Survey

image of OECD Economic Surveys: Argentina 2017

Following years of unsustainable economic policies, Argentina has undertaken a bold turnaround in policies, which has helped to stabilise the economy and avoid another crisis. Building on this reform progress should help lay the foundations to raise the material living standards and well-being of all Argentinians, including the most vulnerable. This Survey discusses the challenges ahead and the policy options to address these challenges. Improvements in the areas of regulation on product markets, labour markets, competition, taxes, infrastructure, education, trade policy and financial markets would strenghten investment and productivity, which are the basis for sustainable income gains. Some of these reforms will involve adjustment costs as jobs will be lost in some firms and sectors and created in others, but well-designed policies can protect the poor and vulnerable from the burden of adjustment. A current focus on strengthening the social safety net and efforts to improve the quality of education are part of such policies, as is labour market support for affected workers. The benefits of stronger growth will depend on improving the distribution of income, which is currently very unequal and leaves one third of the population in poverty, with more at risk of falling into poverty. Efforts are also underway to reduce inequalities in the access to quality education. Public transfers to reduce inequality and poverty will continue to play an important role, together with stronger efforts to curb labour market informality.

SPECIAL FEATURES: PRODUCTIVITY; INCLUSIVE GROWTH

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Basic statistics of Argentina, 2016

(Numbers in parentheses refer to the OECD average)

This Survey was prepared by Jens Arnold and Alberto Gonzalez Pandiella of the OECD Economics Department and by Paula Cerutti, Angel Melguizo and Sebastián Nieto Parra of the OECD Development Centre, under the supervision of Piritta Sorsa and Federico Bonaglia. Statistical research assistance was provided by Anne Legendre and Hermes Morgavi with general administrative assistance provided by Mercedes Burgos and Raquel Páramo.The Survey was discussed at a meeting of the Economic and Development Review Committee on 17 May 2017 and at a meeting of the Governing Board of the OECD Development Centre on 16 May 2017. It is published under the responsibility of the Secretary General of the OECD.

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