Why Argentina’s Companies Leave and What Can Happen · Global Voices

What do Telefónica, Mercedes-Benz, Exxon Mobil, Equinor, Procter & Gamble, HSBC, Itaú, Rooten and Makro have in common? They have all sold or are in the process of selling operations in Argentina. At the beginning of the 21st century, Argentina was the preferred destination for multinationals to set up regional organizational structures. Twenty years later, most of those offices moved to other countries in the region, such as Chile, Colombia, Br…