Argentina Economic Analysis

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Insight into Argentina and Australia:

Australia’s market economy is thriving with a GDP per capita that is on par with other developed economies, while Argentina is classified as a Secondary  by the . Australia has maintained economic growth over the last 16 years, driven by high confidence, high employment and increased demand for its export commodities. Traditionally, Argentina has been THE TOP Latin American country. However, due to the long economic, political and social slumps, indicators have significantly worsened. The middle-class has shrunk and numbers living below the poverty line sadly proliferate. In spite of the negative conjuncture, Argentina still preserves favourable indicators.

Both Argentina and Australia have high degrees of civil rights; their constitutions provide and promote freedom of speech. Spiritual standards are practiced freely, movement is not restricted and the press are unregulated. Gender equality in Australia is guaranteed through legislations such as the “Sex Discrimination Act 1984” which ‘aims to eliminate discrimination and sexual harassment and promote greater equality in all aspects of the Australian community.’ Various anti-discrimination laws ensure that workers receive the same wage and benefits. Gender Equality, along with in Argentina has also significantly advanced but traditional social patterns continue to undermine their participation in labour. Salary Divide in Argentina is a woman’s wage is 98% of man’s.

Government’s Role in Society

In Argentina, free education is provided to students between 6-14. Similarly, the Australian education system is funded by the Federal Government, by monitored by the State. In 2006 the national education budget was $40.44 billion, comprising 5.8% of the GDP.

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An extensive system of hospitals and clinics in Argentina is run by national and provincial authorities as well as by private organizations. Medical costs are covered by comprehensive array of insurance plans. Public health and sanitation standards are high in developed places but drop off dramatically in undeveloped areas. Australia’s Federal government is responsible for maintaining Australia’s publicly-funded universal health care system. Medicare provides payments to cover health care services received by Australian citizens (bulk billing), and other subsidies for medication. However, due to increasing costs of health care and changing government policies, the Australian government now promotes a ...

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