Argentine Entrepreneurs Evaluate the Impact of Javier Milei on Business

Argentine Entrepreneurs Evaluate the Impact of Javier Milei on Business

Argentine businessmen are sizing up Javier Milei, a mop-haired libertarian promising shock therapy to stabilize the hyperinflation-racked country. The charming tree-lined city of Mendoza, located in western Argentina, is fast becoming a Napa-style mecca for⁤ wine-buffs and foodies from across⁣ Latin America. The region’s vineyards are ⁢watered by snowmelt from the Andes mountains, providing an alluring backdrop for those dreaming of buying a vineyard ⁤in the southern hemisphere. The industry survived ‍decades of Peronist interventionism and failed stabilization efforts, mostly due ⁢to a fortuitous hedge: when the peso weakens, exports go up; when it strengthens, more bottles sell at home. ⁤However, despite the pro-business ​environment in Mendoza, some vintners harbor reservations about whether Milei’s remedies ​will work. ⁤If you’re ⁣considering an oenological fantasy in Argentina, it’s‍ worth talking to⁣ Patricio Santos, whose father pioneered Malbec exports, to gain insight ‌into the challenges of winemaking in the country.

Source: www.economist.com

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