Region:
Argentina
Category:
Politics
Article type:
Opinion

Argentina in the Brics: will come true?

Region:
Argentina
Category:
Politics
Article type:
Opinion
Author/s:
By Dr. Christian W. Meniw
Publication date:
Print article

As President of the Chamber of Commerce and Industry Indo Argentina, I see this as a great need for our development as a country, and I consider that soon will be a reality; Russian invitation to the next summit on 15 July

We are in view to see a change in the world economy, with a weakened Europe with an increasingly closed, marked progress of South Africa, and an Asian continent powered U.S. market, in particular the countries of China and India which could drastically change the global economy which will result in the next 5 years arising in a significant way the economies of emerging countries.

Currently, the BRICS countries represent 42 percent of the world's population and about 45 percent of the labor force that exists on the planet, according to the group. In this regard, it should be mentioned that no one can deny the great growth in Brazil, Russia, India, South Africa and China recently is considered the world's largest economy as highlighted different media such as Financial Times. Likewise, no one in court how much he has grown Brazil, South Africa and Russia in its GDP. In fact, in 2012, Brazil, Russia, India, China and South Africa accounted for 21 percent of global gross domestic product (GDP) and trade between them reached a total of U.S. $ 282,000 million.

However, in my opinion and that of many scholars of the global economy, India will be the future leader of the World Economy 2050, which from 1991 to the present, according to the latest report from the World Bank, is in a comfortable third place because of their human resources, entrepreneurship, education, technology, and science. Also, by 2020, India will overtake China in population to put more than half of its population is under age 35.

The questions that arise around this issue are: How come here the role of the BRICS Argentina if you enter with such power;? I could really get into the box?; and if it should be within the same?. The answer to all these questions is yes for several reasons, first, being one of the greatest leaders in food production because it has many natural resources, including highlights, soybeans, corn, wheat, and barley and others.

Second, features lithium gas and unconventional oil reserves of the latter up to 27,000 million barrels ranking fourth in the world; taking first places in Russia with reserves of 75,000 million barrels to the United States with 58,000 million, 32,000 million and China. Then in terms of GDP PPP (purchasing power parity), Argentina is second with 750.000 million after Brazil with nearly $ 2.4 trillion.

Despite all the above, in recent times put into question that Argentina does not progress and its economy is currently contracted. The reality is that it is difficult to grow if you leave relegated to markets that were partners before. However, Argentina is a country that can safely enter the BRICS as thus potentiate the block. Similarly, when entering the block of Argentina would be controlled by the IMF, since one of the ideas of the Brics is the creation of an entity such as the IMF, a bank with a currency to replace the dollar. Consequently, in the not too distant future much of Argentina's problems disappear because the current economy depends on the dollar and the IMF reviews influence in international markets.

As President of the Chamber of Commerce and Industry Indo Argentina, I see this as a great need for our development as a country, and I consider that soon will be a reality; with the invitation to the next summit by Russia, on July 15 this year, is a start but it is not a priority issue for the block that Argentina now enter because it involves a process. However, this is progress, so I subtract only say: Welcome to the future!

traslation: Belén Zapata