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  1 Chapter 2   SWOT Analysis of Balance of Payment of Argentina  2 Chapter 2: SWOT Analysis of Balance of Payment of Argentina Opportunities Argentina is politically stable and has a well-capitalized banking system, abundant natural resources, well developed regulatory systems as well as research and development capabilities, and an established manufacturing base. Ranked by the World Bank as an “upper midd le- income country’, Argentina  is the second largest economy in South America. In 2016, the World Bank listed its GDP at $110,855 million and its population at 43.85 million. Per capita GDP is $12449.22, according to the World Economic Forum. Positive outlook In its 2016-2017 Global Competitiveness Report, the World Economic Forum ranked Argentina 104th in its Global Competitiveness Index out of 138 economies. It ranked the country second for strength of auditing and reporting standards as well as financing through local equity market. Argentina was also ranked 11th for financial market development; it ranked 25th for market size, 32rd for business sophistication and 36th for innovation, out of 138. In its 2015-16 Global Competitiveness Report, the World Economic Forum ranked Argentina third in the world for the accountability of its private institutions, and fourth for its financial market development, “indicating high confidence in Argentina’s financial markets at a time when trust is returning only slowly i n many other parts of the world”. The country’s securities exchange, the BCBA, is ranked among the top 18 in the world in terms of size. All these report give us a very good reasons to hope that in coming years Argentina will be able to strengthen its balance of payment  position. Increase of employment in the formal non-agricultural business sector: Argentina has a large number of people who are young and are able to do any type of task. According to one statistics the 62% of total population of Argentina is aged between 15 to 65 years of age i.e. 62 % of people of Argentina can do work easily (Department, 2016). A large number of people who can do work both physical and mental is an asset or the country and would help country to develop at a much faster rate. Young labor force would help to develop industry which are labor intensive like cloth industry, paper, handicraft etc. The September 2016 QES survey showed that an estimated 8,355,000 persons were employed in the formal non-  3 agricultural sector of the Argentina’s economy. This reflected a net annual increase of 83,000 employees (1%) in 2015 following a revised decrease of 82,000 employees in 2016. There was an annual increase of 90,000 employees in 2014.
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