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Simeon Mitropolitski is a Canadian analyst, of Bulgarian origin, and a former syndicated columnist with the Bulgarian News Agency (BTA). He is the author of several hundred articles dealing with hot political and economic topics, both national and international.
He was part of the first group of Bulgarian intellectuals and students that began the opposition movement that finally put an end to the communist regime in this country in 1989, and in 1996-1997 participated in international observation teams during the elections in several Balkan countries - Romania, Albania and Bulgaria.
In 2002 Simeon and his family moved from Bulgaria to Canada where they live now in Montreal, province of Quebec. Simeon is a Master of Political Science from McGill University and a B.A. of Political Science and History.
Global Real Estate Project
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Argentina: Recovery pending next crisisArgentina has successfully recovered from its last economic and financial crisis that plunged the country into a deep political turmoil in late 2001. Most major economic data show equal or better levels than in the pre-crisis period. Real estate market is also on the rise, recovering from its sudden slump in dollar terms. In other words, Argentina is doing remarkably well nowadays; its recovery is indisputable as has been the crisis 4 years ago. The only question that really matters now is how stable the new economic recovery may be? Can we expect similar crisis at the end of the road? If there is such a crisis, what its possible causes may be? Looking at the economic and financial recovery in Argentina, many would doubt that this country was in deep crisis just 3-4 years ago. For those who just switch their TV sets to Argentinean news we have to remind them that the country recovered remarkably fast and well after its previous economic and financial crisis of late 1980s. In order to be meticulous in our analysis, we have to remind them that since 1930s Argentina has experienced one big economic and/or financial crisis per decade with the exception of WWII-period economic boom. As a result this country that once was among the most developed industrial nations in the world, is now in the company of middle-income newcomers. Seen from this perspective current economic recovery in Argentina looks short-lived. This country has almost established an institutionalized framework of crisis-recovery-new crisis patterns thus making all actors, either domestic or foreign, to expect a new major crisis, not just a "hard landing", at the end of any economic cycle. These institutionalized expectations make the short-term plans take over the long-term economic enterprises. To a degree this explains why international financial turmoil plays so prominent role in Argentinean economic life; by paying too much attention to satisfy particular vested interests at home and particular short-term financial interests abroad, the country becomes hostage to sudden changes in international financial environment, e.g. exchange rates fluctuations and interest rates rises. Argentina has long time ago abandoned its ruinous policy of import-substitution development. On the other hand, however, it hasn't adopted wholeheartedly the export-oriented approach, which has given wonderful results in so many countries around the globe. Many examples suggest that when attacked by domestic vested interests, Argentinean politicians prefer to cut the country's comparative advantages abroad in the name of satisfying some vested interests at home. Import-substitution development as ideology has been officially abandoned but people still pay tribute to its myths. Argentina is more careful now toward its foreign debt, but this caution may as well be attributed to its relative financial isolation after 2001 default. Venezuela is buying massively Argentinean debt, but will this policy keep going once the regime in Caracas changes? Depending for its financial health on yet another unpredictable foreign factor, political instead of purely financial may be the main cause that will trigger the next economic and financial crisis in Argentina.
Argentina country profile: --------------------
See also the directory of companies providing real estate services in, and general real estate information of Argentina.
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