Banking on Argentina Background: London based HSBC derives its name from its founding members‚ the Hong Kong and Shanghai Banking Corporation Limited was established in 1865 and it permitted trading between China and Europe. After World War II HSBC expanded and diversified its business into Canada‚ Australia‚ and the United States; and in the 1990’s expanding further into Brazil and Argentina. HSBC entered into Argentina in 1997 because their GDP had just grown by 6.1% in the last 6 years
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to euromonitor‚ Argentina has a population of 41‚240‚000 people. 4‚417.300 of the population of Argentina is 65+. The forcast for 2015 will show that 11.1 percent‚ of the people who lives in Argentina. Will be 65 or older. In 2015‚ 16 percent of the people will be in their twenties. Between now and 2015‚ 15 percent of the people will be in their thirtees. When you look which agegroup will make the biggest growth. From now till 2020 it will be the agegroup of 35-49. In Argentina 15‚149.470 have
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Argentina Devaluation Raises Fears of a Crisis The issue raised by the devaluation of the Argentinian currency has brought uncertainty not only to the country but also to the rest of the world. Argentina suffered an economic crisis back in the late 1900’s – early 2000’s and it might expect another crisis in the near future. An exchange rate control was applied in this country many years ago which basically consists on not allowing citizens to exchange their Pesos for Dollars in the free market
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our business in Argentina‚ businesses must know the cultural aspects of the country being pursued. Argentina has its very own customs in the households and in public‚ but businesswise‚ most of the customs and norms are the same as the United States. The main language spoken here in this country is Spanish‚ and English is being learned as a second language. As an U.S. firm traveling to this country‚ learning Spanish as a second language to maintain a successful business in Argentina is a must. Learning
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assignment title here] [Insert assignment title here] Argentina Tango It ’s true that Argentina is in an economic crisis. The after-effects of the crisis are felt in every place‚ by every person‚ every moment. Foreign visitors will most certainly see the corroding effects the crisis has had on local Argentines‚ but this should not prevent them from having an entertaining vacation. For most tourists‚ the advantages of visiting Argentina far outweigh the disadvantages. The advantage is mostly
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Globalization in Argentina has affected the country in numerous ways. There are many positives and negatives. Until 1999 globalization seemed to be the reason the country was so prosperous. Pope John Paul II stated‚ “From the ethical point of view‚ can be positive or negative. In fact‚ there is an economic globalization which brings some positive consequences‚ as the phenomenon of efficiency and increased production and‚ with the development of relations between countries in economic‚ can strengthen
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Gauchos were important to Argentina during most of the nineteenth century because Argentina was a major export in beef‚ more specifically longhorn beef. The Gauchos would make a living by herding this wild cattle‚ using wild horses which was extremely difficult to do. The cowboys did the Argentinian government a favor because they did not have to pay to produce this inferior meat source because the Gauchos did it for them. During the 1830s‚ the Gauchos’ role in society began to change. This was due
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Cristina Fernández de Kirchner Cristina Fernández de Kirchner President of Argentina Incumbent Assumed office 10 December 2007 Vice President Julio Cobos (2007–2011) Amado Boudou (2011–present) Preceded by Néstor Kirchner National Senator for Buenos Aires Province In office 10 December 2005 – 28 November 2007 National Senator for Santa Cruz In office 10 December 2001 – 9 December 2005 In office 10 December 1995 – 3 December 1997 National Deputy for Santa Cruz In office
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December 8‚ 2011 Poverty in Argentina Poverty by definition is the lack of a certain amount of material possessions or money. In specific absolute poverty is the inability to afford basic human needs‚ which include‚ but are not limited to: fresh and clean water‚ clothing and shelter‚ nutrition‚ and lastly healthy care. Rodriguez‚ (2002) There are about 1.7 million people who live in absolute poverty in today’s society. According to Tomas Raffo‚ an economist with the Argentine workers Central
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Argentina War http://www.bbc.co.uk/news/world-latin-america-20793884 Torture centres There was court investigated crimes against 200 opponents of the military regime in six illegal detention centers in Buenos Aires‚ One of the crimes was a kidnapping of a man named Jacobo Timerman who was tortured by electric shocks‚ beatings and solitary confinement in the years he was held illegally. The prosecutor said Jaime Smart was a leading factor in the persecution of opponents in the military. The illegal
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