Marcos Galperin is not only the richest businessman in Argentina. Regard Entrepreneur who founded Mercado Libre in the worst crisis of 2000 Thinking of democratizing trade. Then followed Mercado Pago to democratize financial services. And in less than 20 years his companies are already the most valuable in Latin America.
That is why each of his statements is taken into account. In 2019 Galperin decided to move to Uruguay. However, Mercado Libre continues to grow in the country, as evidenced by its latest balance sheet in which its revenue in Argentina grew by 30%. Sure they were surpassed by those of Brazil and Mexico.
This afternoon, the co-founder and main shareholder of Mercado Libre retweeted an intervention on the social network by Esteban Domecq, director of the consulting firm Invecq, in which the economist compares the very uneven evolution of per capita GDP in Argentina over the last 50 years with what in the same period had the per capita GDP of Latin America, taken as a region.
“Latin America’s GDP per capita in five decades increased by 110%. In the same period, that of Argentina only 15%product of 18 years of recession and four disruptive events and two periods of structural stagnation,” Domecq specified.
The economist underlined how the 4 disruptive events a rodrigazzo occurred in June 1975, during the government of Isabel Perón, the debt crisis started in 1982, the hyper inflation occurred in 1989, during the government of Raúl Alfonsín, and the Crisis of 2001, when, after a long recession, a banking corralito was set up, the government of Fernando de la Rúa fell, his immediate successor, Adolfo Rodríguez Saá, declared default before the Legislative Assembly, a parade of presidents and , already at the beginning of 2022, the convertibility was broken and an economic-social collapse occurred during the presidential interim of Eduardo Duhalde.
Domecq also identified two periods of “structural stagnation”, the period 1975-1990 and the one that began in 2011 has extended to the present.
Source: Clarin
