Argentina: The Road to the App Economy
All around the world we are seeing the rise of the App Economy—jobs, companies, and economic growth created by the production and distribution of mobile applications (“apps”) that run on smartphones. Since the introduction of the iPhone in 2007, the App Economy has grown from nothing to a powerful economic force that rivals existing industries.
In this paper we examine the production and distribution of mobile apps as a source of growth and job creation for Argentina. We find that Argentina had roughly 33,250 App Economy jobs as of March 2016.
What’s more, Argentina has the potential to add many more App Economy jobs in the near future. With President Mauricio Macri taking office in December 2015, Argentina began the arduous process of regaining its economic stability after the country’s crippling debt disputes of the prior 15 years.
Macri has made some large strides in normalizing the economy such as lifting currency controls, removing several export taxes, and most importantly, settling the debt dispute. By reaching an agreement with the holdout bondholders, Ar- gentina has regained access to international financial markets, giving Argentines, as well as outsider investors, hope for Argentina’s return to economic stability.