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  • Argentine Designers Use Devaluation To Make Global Mark
    By CRAIG FAGAN. DOW JONES NEWSWIRES

    BUENOS AIRES -- As its name in Spanish suggests, the Puro Diseno, or pure design, shop in this city's haughty Recoleta neighborhood purveys high style, like chic cowhide-covered chaises and futuristic light fixtures.

    But unlike other trend pushers dotting what is often referred to as the “Paris of South America”, all the store's designers are local, reflecting a homegrown move to put Argentina on the global style map. And their creations have been doing just that, the unexpected beneficiaries of a 70% depreciation in the local currency after it was de-linked from the dollar last year.

    Source: Wall Sreet Journal, July 29, 2003

  • Argentina's High-Tech Chance
    Nation's Outsourcing Potential May Match Ireland and India
    By MICHAEL CASEY . DOW JONES NEWSWIRES

    While people in the sector acknowledge that English proficiency here is not up to that of India or Ireland, they say Argentines are the best English speakers in the region. And, they add, Argentina has something India and Ireland don't: time-zone compatibility with the U.S.

    Most important, Argentina has suddenly become cheap. Following the peso's 70% plunge last year, a dollar now buys three times as much programming time in Argentina as it did in 2001.

    Far bigger companies, such as Motorola Corp., Microsoft Corp., Oracle Corp., International Business Machines Inc. and Sun Microsystems Inc., have also recognized these cost advantages. All have beefed up their Argentine development and service operations in the past 18 months.

    Source: Wall Sreet Journal, July 24, 2003

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