ARGENTINA BUSINESS

ARGENTINA Argentina has become one of the world's economic success stories. With a return to political and financial stability and a new openness to foreign participation, the country is showing that it is serious about becoming a major player in the international economy. Long known for the com- modity products of its famous pampas, the country is fast becoming a power to be reckoned with as it directs the talents of its cosmopolitan workforce toward more sophisticated products. FOR BUYERS: Argentina, a world class producer of agricultural and livestock products, is becoming known as a major regional supplier to the automotive industry; its new focus on nontraditional, high- er-value-added export products offers a range of opportunities for those looking for new sources. FOR SELLERS: To upgrade its productive system Argentina needs a broad range of raw materials, intermediate components, and capital goods; its people are also avid consumers of foreign products. FOR MANUFACTURERS: Argentina-whose workforce is South America's most highly educated- is opening itself to foreigners looking to find competitive locations from which to operate interna- tionally, as well as to serve growing Latin American markets, particularly Mercosur. FOR INVESTORS: Argentina welcomes foreign investment, both in its financial markets and in its business sectors, which are now largely open to outsiders.