Industry has emerged as one of the bright spots in Papua New Guinea’s economy in recent years, providing a buffer against downturns in the commodity cycle. As natural gas prices fell and related businesses struggled, manufacturing held its own. The weak currency and the lack of foreign exchange that accompanied the downturn may have actually...
The retail sector in Papua New Guinea is showing signs of resilience despite challenges in the wider economy. Slow GDP growth, tight household budgets and a lack of foreign currency have created a difficult environment for trade stores, shops, supermarkets and malls: sales at some of the country’s bellwether retailers have fallen as much as 50...
In 2017 Argentina’s software industry enjoyed a record year with exports totalling $1.7bn, breaking the previous record established in 2012 of $1.5bn and 28.3% higher than in 2016. Another positive saw the number of industry professionals to rise 3.2% to 107,100, according to the Chamber of the Argentine Software Industry (Cámara de la...
Investments in R&D and innovation have been on the rise in Argentina, driven largely by greater government commitment to sector development. It was to this end that the Ministry of Science, Technology and Productive Innovation (Ministerio de Ciencia, Tecnología e Innovación Productiva, MINCyT) was created in 2007. Public investment growth...
The continued liberalisation of the Argentine economy has been a boon for local industry. Pro-business reforms implemented by the administration of President Mauricio Macri, as well as the recovery of the Brazilian economy, have helped manufacturing begin to rebound from a period of stagnation that began in 2015 with the onslaught of the wider...
Being a sizeable producer of agricultural goods, Argentina is in a favourable position to reap the benefits of rising global demand for food products. According to figures provided by the Ministry of Agro-industry (MoA), in 2017 food exports amounted to $25bn and accounted for 43% of total Argentine exports. That same year, the food and...
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