Argentina boasts the second largest IT market in the region of Latin America. It has the most bilingual agents who serve clients in the Europe and the US. It is mainly geared towards software and IT services. These include digital content, Internet related solutions and value added IT services. It has one of the cheapest markets worldwide, a skilled workforce and a robust telecom network.
English is a second language since Spanish is the official language. There is therefore only basic proficiency in English. Proficiency is growing among the young generation who are the ones mostly involved with the IT sector.
The Argentinean government has passed laws promoting development and implementation of software systems by tax exemptions and credits to companies in software services. Technology companies therefore have developed at a faster rate, as it is more beneficial to software companies. More companies now offer outsourcing prospects for other countries software developers around the world.
High Tech Workers
Argentina has a high tech labor pool whereby 65 percent of it is in the design and creation of Internet start up companies. Economic conditions have made the government double number of IT exports and jobs as well as reduce taxes of IT companies by 60 percent. The high rate of unemployment makes Argentina a great prospect for labor for the IT market. Outsourcing companies have taken advantage of lower office space costs, which are prevalent. Infrastructure is therefore not a hindrance to the IT market.
Argentina has a highly literate population, which comprises of well-trained programmers and designers, which enables the country, stand out from its neighbors in the technology domain. It has an endowed pool of technically savvy and well-educated labor force ready.
Outsourcing to Argentina is cheap as a result of government tax exemption to companies dealing with IT. Cheap labor is a major draw to Argentina. Software development companies therefore work in a fairly inexpensive environment that is profitable for business.
Argentina Economy
Argentina has suffered economic problems with inflation, budget deficits and external debts over the past decade. Inflation for instance has risen steadily and exceeded 20 percent in 2011. The situation is however improving, as there is a revival in exports, growth in domestic demands and favorable external conditions. Argentina is politically stable which therefore creates a good political climate for many companies to conduct their businesses.
Argentina is attractive due to its culture similarities to western culture and its convenient time zone. The Argentinean population is predominantly Spanish and has a western European culture. As for global and legal maturity, domestic and foreign investors have free equal rights to start own businesses. There are investment promotion programs such as accelerated depreciation of capital goods for investors. This in turn has created a good environment for outsourcing to Argentina.
The Argentinean government has adhered to most treaties and international agreements involving intellectual property. The protection of intellectual property has therefore improved though its implementation is mostly irregular. Consider outsourcing to Argentina.
