oil

Argentina is an economically ambiguous republic, having experienced several ups and downs in the past century. This large state in the early XX century was one of the richest in Latin America, but due to inept policy of the authorities, it twice was on the verge of default and entered the list of third countries of the world. In 2015 Mauricio Macri was elected as the president, who in a short time was able to double the foreign exchange reserves of Argentina. So is it worth investing in this country at the moment?

The month of January was a taste of what awaits us this year in terms of revenue. The 47 percent drop in oil exports, which amounts to a loss of 812 million dollars, could not be compensated by the 15.3 percent increase of automobile exports in the first month of 2015.
In January total exports fell by 1.8 percent, compared to the same month of 2014. This decline, which has been reported by the National Institute of Statistics and Geography (INEGI), is marking the largest increase of the deficit in the trade balance in January and the second largest increase in the country's history.

But the difficulties occur in a new principality. And firstly, if it be not entirely new, but is, as it were, a member of a state which, taken collectively, may be called composite, the changes arise chiefly from an inherent difficulty which there is in all new principalities; for men change their rulers willingly, hoping to better themselves, and this hope induces them to take up arms against him who rules: wherein they are deceived, because they
afterwards find by experience they have gone from bad to worse.

Niccolo Machiavelli. “The Prince”