Volume 43, Number 168,
January-March 2012
Argentina's Business Leadership and its Role
in Economic Development
Juan E. Santarcángelo and Guido Perrone

On the other hand, the rise in companies operating in the Mining and Quarrying Sector is interesting for numbers triple within the leadership from the beginning of the 1990s. In 2009 this sector represents 8% of the total companies. Finally, the ‘Other Activity’ field (which includes electricity, gas, water, communications, construction, trade, transport and other services) was reduced by 8% after the devaluation, although in the last year under review regains its share to reach its highest level of 35% of leading companies.

However, although there are no significant changes in the number of companies per economic sector, there are substantial changes during these years in terms of source of capital for the main firms in the economy. This phenomenon can be analyzed in Figure 2, which reveals the level of foreign involvement among Argentine business leaders during the 1990s when local capital represents 56% of total company capital in 1993 and only 32% in 2002. This process was not reverted during the post-Convertibility period; to the contrary, the weight of foreign capital in leading business is consolidated during the period and in the final year under analysis represents around 65%. 9

Figure 2. Number of Companies by Origin of Capital
Source: Prepared by the authors on the basis of data supplied by indec in enge.

9 These findings showing the level of foreign interest in the economy are comparable with those carried out in other research. For more details see Varesi (2010) and Wainer (2011).

Licencia de Creative Commons  Problemas del Desarrollo. Revista Latinoamericana de Economía by Instituto de Investigaciones Económicas, Universidad Nacional Autónoma de México
is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License

Published in Mexico, 2012-2018 © D.R. Universidad Nacional Autónoma de México (UNAM).
PROBLEMAS DEL DESARROLLO. REVISTA LATINOAMERICANA DE ECONOMÍA, Volume 49, Number 194 July-September 2018 is a quarterly publication by the Universidad Nacional Autónoma de México, Ciudad Universitaria, Coyoacán, CP 04510, México, D.F. by Instituto de Investigaciones Económicas, Circuito Mario de la Cueva, Ciudad Universitaria, Coyoacán,
CP 04510, México, D.F. Tel (52 55) 56 23 01 05 and (52 55) 56 24 23 39, fax (52 55) 56 23 00 97, www.probdes.iiec.unam.mx, revprode@unam.mx. Journal Editor: Moritz Cruz. Reservation of rights to exclusive use of the title: 04-2012-070613560300-203, ISSN: pending. Person responsible for the latest update of this issue: Minerva García, Circuito Maestro Mario de la Cueva s/n, Ciudad Universitaria, Coyoacán, CP 04510, México D.F., latest update: August 29th, 2018.
The opinions expressed by authors do not necessarily reflect those of the editor of the publication.
Permission to reproduce all or part of the published texts is granted provided the source is cited in full including the web address.
Credits | Contact

The online journal Problemas del Desarrollo. Revista Latinoamericana de Economía corresponds to the printed edition of the same title with ISSN 0301-7036