Friday, December 25, 2015

Argentina phenomena/ Carlos Pueblo

Argentina phenomena/ Carlos Pueblo

A news on today’s newspaper says, Argentina new president, Malicio. Macris
begins his political reformation by reversing his predecessor , Cristina Kirshner’s
policy such as no tax on export, decrease income tax, replace central bank chair,
replace two supreme court judges, He doesn’t believe that Argentina has time
to wait. He also abolishes the nation’s two exchange rates, one official bank rate
and one black market rate. Let the nation deal with actual market rate of the
national currency peso. I am very impressed with Argentina after two weeks
staying in the capital city, Buenos Aires. I call it the Argentina Phenomena, what
phenomena am I talking about? The national territory is so huge, 80 times larger
than Taiwan, 10 times bigger than Texas and yet only 41 million population.
Farming land is so rich and produce is so huge, yet the nation is struggling, even
though Argentina is still a bright hope among the South American nations and a
hope for foreign immigrants.

Currency exchange rate will be following the market rate to reflect the real
situation of Argentina peso. Throughout the years, Argentina owes a lot of
foreign debt and the nation has a hard time to repay it; therefore, I can see
why the new policy to waive tax on export to gain much needed U.S. dollars.
Argentina still posts U.S. dollars control and the exporter is required to change
his foreign payment to peso and Argentina central bank will hold the foreign
currency. This is a common practice for the developing nations such as China
and Taiwan before 1985. After the abolishment of two exchange rate, the
peso formerly de-valued, the government must face the inflation at the present.

Within the city limit of Buenos Aires or a little bit of nearby metropolitan area,
you can enjoy very good mass transit systems, subway,  bus and a short distance
of light rail. Outside of the city, you can only rely on buses and I have no experience
of freeway systems if they are available. I could not find a reasonable transportation
to visit three places, Iquazu Fall, Mendoza Vineyard, and Formosa Province due to
high cost of airfare and bus tickets.

After the trip, I pay more attention to the domestic cities of the U.S. I really need to
visit at least 50 of U.S. cities in order to feel the progress of modern architecture in
compare with a city like Buenos Aires of the past glory.



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