In the short term, there will be massive investment into Argentina. There will be a spike in gdp, imports and exports.
However, that may not translate better living conditions for the people, as foreign investment does not necessarily mean ownership of the means of production.
Subsequently, in the long term, we will see stagnant real wages for the working class, inflation, a rising wealth gap, and eventually divestment as wages rise high enough to not be competitive, but not high enough to purchase the foreign goods that have flooded the market.
In the short term, there will be massive investment into Argentina. There will be a spike in gdp, imports and exports.
However, that may not translate better living conditions for the people, as foreign investment does not necessarily mean ownership of the means of production.
Subsequently, in the long term, we will see stagnant real wages for the working class, inflation, a rising wealth gap, and eventually divestment as wages rise high enough to not be competitive, but not high enough to purchase the foreign goods that have flooded the market.
The cost of exploitation is opportunity cost.