Argentina is at a crucial moment of economic transformation, with extraordinary potential to become a leader in innovation in Latin America. That’s why we are pleased to share this detailed analysis prepared by Horacio Arana, a prominent economist and Senior Research Fellow at Fundación Internacional Bases.
In this research document, titled “Fostering Innovation as an Engine of Economic Growth in Argentina,” Arana explores how the country can leverage its natural resources, human capital, and entrepreneurial capacity to drive sustainable growth through innovation in four strategic sectors:
- AgTech: With its position as the world’s third-largest food exporter and 165 companies specialized in agricultural technology, Argentina has the potential to lead the technological revolution in the agricultural sector across the region.
- Green Hydrogen: The country’s exceptional renewable energy resources ideally position it to become a leading producer of green hydrogen, a market projected to reach $30 billion by 2030.
- Lithium Production: The adoption of Direct Lithium Extraction (DLE) technologies is transforming the industry, reducing water usage by 50% and positioning Argentina as a leader in sustainable mining.
- Innovative Consumer Products: As the ninth-largest tobacco producer globally, Argentina has the opportunity to become a high-value manufacturing hub for innovative nicotine products.
The briefing paper analyzes the current macroeconomic context following the reforms implemented by President Milei and proposes concrete strategies to overcome regulatory barriers, attract foreign investments, and consolidate Argentina as a leading innovation economy.
