Argentina - Economic Memorandum for the Province of Buenos Aires : Key Public Policy Issues

The Province of Buenos Aires has historically been the most important of all 23 Argentine provinces. Following Argentina's independence in 1816 and the development of the export-oriented agricultural sector, the province's control of the nation's biggest ports and waterways turned it into a major political and economic power. Rapid population growth, primarily driven by immigration, stimulated consumption, which led to the rise of manufacturing industries in and around the main urban centers in the province. The construction of the railway, which by 1914 had reached 35,000 km in length, gave Buenos Aires an additional advantage: it linked the agricultural interior of the country to the ports located in Buenos Aires, La Plata, and Bahia Blanca (as well as to Rosario in Santa Fe Province). Given the central role the Province of Buenos Aires plays in Argentina's economy, ensuring its sustained growth and competitiveness is a key national priority. The Province accounts for 35 percent of Gross Domestic Product (GDP), more than half of the country's manufacturing industry and 37 percent of its exports. Its private sector is the largest in the country, with every third Argentine company located in the province. The Province's schools and universities turn out a large share of Argentina's labor force, and its roads and ports transport the bulk of the country's domestic goods and exports to their respective markets. Argentina's economic success is therefore closely linked to that of the Province of Buenos Aires. This chapter provides a general background of the province's economic profile, growth record and social conditions.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2010-06-16
Subjects:	ACCESS TO FINANCING, ACCOUNTING, AGGLOMERATION ECONOMIES, AIRPORTS, ALLOCATION OF RESOURCES, AMORTIZATIONS, ARREARS, AVERAGE DAILY TRAFFIC, BANKING SYSTEM, BOND, BOND FINANCING, BOND ISSUANCES, BONDS, BOTTLENECKS, BUDGET EXECUTION, BULLET BOND, CADASTRE, CAPITAL EXPENDITURE, CAPITAL EXPENDITURES, CAR, CITIES, COLLATERAL, COMPLIANCE COSTS, CONGESTION, CONGESTION ON ROADS, CONSUMER PRICE INDEX, CONTINGENT LIABILITIES, CONTRACTUAL RELATIONSHIP, COUPON, CREDITOR, CURRENCY, CURRENT EXPENDITURES, DEBT BURDEN, DEBT EXCHANGE, DEBT ISSUANCES, DEBT LEVELS, DEBT MANAGEMENT, DEBT RATIOS, DEBT RESTRUCTURING, DEBT SERVICE, DEBT SERVICE PAYMENTS, DEBT STOCK, DEBT STOCKS, DEBT SWAP, DEBTOR, DIRECT INVESTMENT, DISBURSEMENTS, DOMESTIC BONDS, DOMESTIC MARKET, EQUIPMENT, EXCHANGE RATE, EXPENDITURE CATEGORIES, EXPENDITURE DECENTRALIZATION, EXPORTER, EXTERNALITIES, FEDERAL EDUCATION, FEDERAL FUNDS, FEDERAL TRANSFERS, FINANCIAL RESOURCES, FISCAL ACCOUNTS, FISCAL ADJUSTMENT, FISCAL BALANCE, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL FRAMEWORK, FISCAL IMPACT, FISCAL PERFORMANCE, FISCAL SPACE, FISCAL SURPLUSES, FISCAL SUSTAINABILITY, FIXED INTEREST, FIXED INTEREST RATE, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN INVESTMENT, FREIGHT, FREIGHT VEHICLES, GOVERNMENT ACCOUNTS, GOVERNOR, GRACE PERIOD, HOUSEHOLD INCOME, HUMAN CAPITAL, HUMAN RESOURCE, INCOME TAX, INDEBTEDNESS, INFLATION, INFLATION RATE, INFORMATION SYSTEMS, INFRASTRUCTURE INVESTMENTS, INSTRUMENT, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATES, INTERNAL EFFICIENCY, INTERNATIONAL BONDS, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL INVESTORS, INTERNATIONAL MARKETS, INVESTMENT CLIMATE, INVESTMENT LOANS, ISSUANCE, ISSUANCE OF BONDS, LANES, LARGE PROVINCES, LEGAL REFORMS, LEGAL SYSTEM, LEVIES, LOAN, LOAN AGREEMENTS, LOCAL ROADS, MACROECONOMIC POLICY, MARKET VALUE, MATURITY, MEDIUM-TERM FINANCING, METROPOLITAN AREA, MINISTRY OF ECONOMY, MINISTRY OF EDUCATION, MODAL TRANSPORTATION, MUNICIPALITIES, NET CURRENT REVENUES, NET OF TRANSFERS, PAYMENT SYSTEM, PENSION FUNDS, PENSION SYSTEM, PERSONAL INCOME, POLICY CHANGES, POPULATION GROWTH, PORT SERVICES, PRINCIPAL REPAYMENT, PRINCIPAL REPAYMENTS, PRIVATE BANKS, PRIVATE CREDITORS, PRIVATE DEBTORS, PRIVATE INVESTMENT, PROVINCE, PROVINCES, PROVINCIAL AVERAGE, PROVINCIAL BANK, PROVINCIAL BANKS, PROVINCIAL BUDGET, PROVINCIAL BUDGETS, PROVINCIAL DEBT, PROVINCIAL DEVELOPMENT, PROVINCIAL ECONOMY, PROVINCIAL EDUCATION, PROVINCIAL FINANCES, PROVINCIAL FISCAL, PROVINCIAL FISCAL MANAGEMENT, PROVINCIAL GOVERNMENT, PROVINCIAL GOVERNMENTS, PROVINCIAL INVESTMENT, PROVINCIAL LEVEL, PROVINCIAL PENSION, PROVINCIAL PENSION SYSTEMS, PROVINCIAL PRIMARY DEFICIT, PROVINCIAL REVENUE, PROVINCIAL REVENUES, PROVINCIAL SOURCES, PROVINCIAL TAX, PROVINCIAL TAXES, PROVINCIAL TAXING POWERS, PUBLIC DEBT, PUBLIC EDUCATION SPENDING, PUBLIC EXPENDITURES, PUBLIC INVESTMENT, PUBLIC SPENDING, PURCHASING POWER, RAIL, RAILROAD, RAILROADS, RAILWAY, RAILWAYS, REPAYMENTS, REVENUE ASSIGNMENTS, REVENUE COLLECTIONS, REVENUE MOBILIZATION, REVENUE SOURCE, RING ROAD, ROAD, ROAD INFRASTRUCTURE, ROAD MAINTENANCE, ROAD NETWORK, ROAD SECTOR, ROAD SYSTEM, ROAD SYSTEMS, ROAD TRAFFIC, ROAD TRANSPORT, ROADS, ROUTE, ROUTES, SOLVENCY, SUB-NATIONAL, TAX ADMINISTRATION, TAX BASE, TAX BENEFITS, TAX COLLECTION, TAX COLLECTIONS, TAX EVASION, TAX PAYMENT, TAX POLICY, TAX RATE, TAX RATES, TAX RELIEF, TAX REVENUE, TAX REVENUES, TAX SHARING, TAX SYSTEM, TAXPAYERS, TELEPHONE LINE, TOTAL DEBT, TOTAL EXPENDITURE, TOTAL PROVINCIAL EXPENDITURE, TOTAL PUBLIC EXPENDITURE, TRAFFIC LEVELS, TRAFFIC VOLUME, TRAFFIC VOLUMES, TRANCHES, TRANSPARENCY, TRANSPORT, TRANSPORT COSTS, TRANSPORT INFRASTRUCTURE, TRANSPORT NETWORK, TRANSPORTATION, TRUCKS, TURNOVER, VARIABLE INTEREST RATE, VEHICLE, VEHICLE FLEET, WITHDRAWAL,
Online Access:	http://documents.worldbank.org/curated/en/2010/06/14599765/argentina-economic-memorandum-province-buenos-aires-key-public-policy-issues-main-report https://hdl.handle.net/10986/18521
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