Mobility - July 2020 - 54

DESTINATION PROFILE: BUENOS AIRES

Doing Business
in Buenos Aires
With a city population of 2.9 million and 15.6 million
in the metropolitan area, the Buenos Aires region is
home to about one-third of all Argentina residents.
Buenos Aires has long been attractive to immigrants,
including a current influx of Venezuelan refugees.
Expats are believed to number about 60,000 nationally, with half in Buenos Aires. They find their way
there for the high standard of living, excellent housing, vibrant culture, and welcoming atmosphere.
However, high inflation and high taxes are emblematic of lingering economic challenges.
In business and in life, Argentine people can
be open and direct but tactful. Strict hierarchies
dominate the workplace, so expats should always
be respectful of business leaders and patient while
decision-making winds through multiple bureaucratic layers.
Relationships built on trust are the primary
drivers of business. Personal meetings are preferred
to phone calls and email. Argentine businesspeople
rely on intricate networks of family and friends for
help, and when they do a favor for someone, reciprocity is usually expected. As in many other cultures, a reluctance to express disagreement doesn't
necessarily signal accord on an issue.

54 Mobility | July 2020

Appearances contribute to making a good
impression, so business attire and accessories should
be conservative but stylish and of good quality.
Meetings are scheduled far less frequently around
the time of vacations during the Argentine summer
of January and February, skiing season in mid-July,
and the two weeks before and after Christmas.
Argentina's official language is Spanish, but
even expats fluent in Spanish should prepare to
adapt. A strong Italian streak runs through the
language, and words and pronunciations differ
from traditional Spanish. "You" is expressed as
vos instead of tu. The letters "y" and "ll" are pronounced "sh," making pollo sound like "posho."
A Spanish-Italian-Portuguese slang known as
lunfardo might pop up in conversation, including
switching the syllables of a common word, so that
"tango" becomes "gotan."
With a score of 45 out of 100 on Transparency
International's Corruption Perceptions Index 2019,
Argentina ranks below Chile and Portugal but well
above other South American countries. Since enactment of a 2018 law, corporations are legally liable
for bribery, and they are encouraged to cooperate in
preventing and investigating corruption.



Mobility - July 2020

Table of Contents for the Digital Edition of Mobility - July 2020

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Mobility - July 2020 - Cover3
Mobility - July 2020 - Cover4
https://www.nxtbook.com/ygsreprints/WERC/mobility_092020
https://www.nxtbook.com/ygsreprints/WERC/mobility_082020
https://www.nxtbook.com/ygsreprints/WERC/mobility_072020
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https://www.nxtbook.com/ygsreprints/WERC/mobility_052020
https://www.nxtbook.com/ygsreprints/WERC/mobility_042020
https://www.nxtbook.com/ygsreprints/WERC/mobility_032020
https://www.nxtbook.com/ygsreprints/WERC/mobility_022020
https://www.nxtbook.com/ygsreprints/WERC/mobility_012020
https://www.nxtbook.com/ygsreprints/WERC/mobility_122019
https://www.nxtbook.com/ygsreprints/WERC/mobility_112019
https://www.nxtbook.com/ygsreprints/WERC/mobility_102019
https://www.nxtbook.com/ygsreprints/WERC/mobility_092019
https://www.nxtbook.com/ygsreprints/WERC/mobility_082019
https://www.nxtbook.com/ygsreprints/WERC/mobility_072019
https://www.nxtbook.com/ygsreprints/WERC/mobility_062019
https://www.nxtbook.com/ygsreprints/WERC/mobility_052019
https://www.nxtbook.com/ygsreprints/WERC/mobility_042019
https://www.nxtbook.com/ygsreprints/WERC/mobility_032019
https://www.nxtbook.com/ygsreprints/WERC/mobility_022019
https://www.nxtbook.com/ygsreprints/WERC/mobility_012019
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