Business Impact of Economic Reforms in Argentina: Between Deregulation and Liberalization

Boscatto Alan Gonzalo (2025) Business Impact of Economic Reforms in Argentina: Between Deregulation and Liberalization. ['eprint_fieldopt_faculty_mük' not defined].

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Absztrakt (kivonat)

The focus of this dissertation is to explain how companies are responding to the economic reforms implemented by President Javier Milei; specifically the interaction between institutional change and the response of companies to that change through strategic adaptation and their expectations for Argentina's long term macroeconomic stability. This study draws from three theories: Institutional Economics, Market Adaptation Theory and Framing / Communication Theory. It examines how domestic small and medium enterprises and multinational corporations react to deregulation, fiscal restraint and changes in communication from the government during a period of chronic macroeconomic instability. The research method employed for this study was a qualitative case study methodology using a sample of four semi-structured interviews with an academic expert and one domestically based SME representative and two internationally based entrepreneurs. Additionally, the primary data collected from these interviews was supplemented by secondary macroeconomic data regarding inflation rates, exchange rate volatility, trade deficits and sovereign debt risk. The thematic analysis performed on the interview responses revealed four common themes or dimensions of how companies behave: (1) company perceptions of institutional credibility and macroeconomic constraints, (2) company operational and strategic adaptation to the reforms, (3) company interpretation of the communications provided by the government and (4) company expectations for future macroeconomic stability. The results of the study indicate that some of the reforms implemented by Milei have improved certain aspects of bureaucracy and have generated renewed international interest, however, the reforms have failed to address the underlying institutional fragility that has made long term planning difficult for companies. As a result, companies are employing flexible and short term strategies such as dynamic pricing, supply chain diversification, exporting and value-based branding to mitigate the risks associated with the unstable institutional environment. Additionally, the findings indicate that the government's communication strategy produces both positive and negative effects on companies' decision-making. While the clarity and ideological consistency of the government's communication improves the image of Argentina globally, the inconsistency between the government's rhetoric and its actions creates uncertainty for company decision makers. Finally, all of the respondents indicated that the durability of the reforms will be contingent upon the stability of the government, consistent communication from the government, and effective institutional enforcement mechanisms. The research results have added to knowledge of enterprise adaptability to transition conditions in rapidly liberalizing emerging markets. The research demonstrates how the capacity for Argentine enterprises to be resilient is influenced by the relationship between private sector flexibility and government capacity for predictable credible governance. Finally the research provides recommendations to enhance institutional stability, support small/medium-sized enterprises (SME) to adapt, and improve the effectiveness of communication strategy to create an environment that is more favorable to long term investment and competitiveness.

Intézmény

Budapesti Gazdasági Egyetem

Kar

['eprint_fieldopt_faculty_mük' not defined]

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Kereskedelem és marketing

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	Argentína, economics, Latin-Amerika, marketing, political systems
SWORD Depositor:	User Archive
Felhasználói azonosító szám (ID):	User Archive
Rekord készítés dátuma:	2026. Júl. 09. 11:44
Utolsó módosítás:	2026. Júl. 09. 11:44

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