Argentine economy Chile Email List that generally does not appear in public debates: the large and systematic aggregate trade surplus of the leading oligopolies contrasts with the pronounced and recurring deficits of the “rest of the economy.” . Chile Email List This gives the top companies enormous structural power based on the control of currencies. Just to take a year for illustrative purposes, in 2019 the corporate leadership as a whole operated with a trade Chile Email List surplus that exceeded 25,000 million dollars, compared to a negative balance close to 7,000 million for the rest of the companies operating in the National scope. The dependence of the Argentine economy on the large foreign exchange providers through export.
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channels becomes Chile Email List more evident when one considers that, for example, in the period 2015-2019 the “first 50” firms on the panel accounted for approximately 90% of the total. general surplus (and almost 100% in 2019). Thus, in a systematic way, a handful of sectors and large economic agents act as a source of foreign exchange, Chile Email List regardless of whether this surplus is captured by the business community itself or redirected in part by the State to promote some other production. If the neoliberal orthodoxy accepts it as a natural Chile Email List mandate, the neo-developmentalist heterodoxy takes it with resignation in the face of the impossibility of change. As if this were not enough, around two-thirds of exports, imports and aggregate surpluses of the Chile Email List top leadership are explained by transnational.
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companies. The Chile Email List y are corporations that also tend to remit their profits abroad, but also use transfer prices to reduce the payment of taxes, and even make self-loans and then make payments abroad. This is something to be expected, given Chile Email List that this type of firm tends to present the highest levels of productive and commercial internationalization. However, it is a mystery how it is intended that these transnational actors with determining structural power can become agents of national development, especially when they are proposed to work on the Chile Email List basis of foreign exchange emergencies and “productive consensuses.” Although we focus on this aporia, it is clear that the members of national origin of the business leadership do not necessarily escape this.