Contrary to what happens in other sectors, they expect in knowledge economy companies Increase their exports and their employment opportunities This year. According to a survey by Argencon, a trade group that brings together leading companies in this segment, 80% of companies expect to increase their growth. 10% exports and 10% adds additional workers to its workforce.
This positive outlook contrasts with other sectors' plans for 2024. To cite an example, professional service firms were more optimistic where they expected a About 20% increase in employment opportunities. An Argencon survey conducted in the first quarter of this year shows that only 10% of IT companies expect similar growth.
At the same time, Eight out of 10 companies consulted believe they can increase their export volume Since the implementation of New Economic Policy. Argencon highlighted that half of those surveyed said they believed foreign sales would increase by 10%, and that no company believed these could fall below what they saw several years ago. The data is not small: more than half of the companies consulted by this study They export more than 50% of their production.
The “picture” of 2024 is no different from the picture for the industry that has been produced over the past five years. The fastest growing crown in the country. However, despite the optimism, companies in the sector believe there are points to fix so that the technology sector can become more competitive. Among them, the exchange rate is: 32% of companies surveyed indicated a lack of integration and/or normalization of the exchange rate is the main challenge to be faced, the macroeconomic factor is the best conditioning factor of the ecosystem.
“The results confirm that the knowledge economy will be significant from the deregulation of the exchange rate, the stabilization of the exchange rate, the simplification of regulations and the reforms announced in the labor market. Improvement in its competitiveness Internationally, this will boost employment and exports beyond what has been recorded in recent years,” explained Argencon's President Sebastian Mogoria.
In addition to the above, the knowledge sector – which has grown rapidly nationally in the last 5 years – competes globally to ensure a steady flow of income and foreign exchange, so the actions of other countries have an impact on Argentina's exports. According to the respondents, two factors drive the growth of international knowledge economy trade: maintenance Maintaining competitive costs (45%), continuous technological updating (21%).
Likewise, 45% of companies believe that global market demand for knowledge-based services for Latin America will be similar to global growth, and 45% estimate that it will be higher. 40% place Colombia as the main competitor of the Argentine offer In our region, it is followed by Mexico with 28%.
“It is very important for Argentina to follow the example of countries that strengthen their knowledge industries through diligent public policies. Improving competitiveness and taking advantage of the opportunities offered by the international market are essential to position our country in a very important place in the world,” highlighted Luis Galiazzi, Executive Director of ARGENCON.
