This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Spanish to English
  3. Economics

la restricción externa

English translation: foreign exchange constraint/limitations

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:la restricción externa
English translation:foreign exchange constraint/limitations
Entered by: Wendy Gosselin

01:26 Oct 9, 2015
Spanish to English translations [PRO]
Social Sciences - Economics
Spanish term or phrase: la restricción externa
From a text about informal employment in Argentina:

Diferentes factores afectan el desempeño reciente, en especial luego de la crisis financiera internacional. Por una parte, el menor ritmo de crecimiento de la economía, el resurgimiento de la restricción externa y la persistencia de una estructura productiva heterogénea limitan las posibilidades de expansión de la producción y creación empleo de calidad.

foreign restriction? external restriction? contraction of foreign investment?

Thanks
Wendy Gosselin
Argentina
Local time: 15:53
foreign exchange constraint/limitations
Explanation:
economic growth entails a deterioration of the trade balance through a boom in imports not counterbalanced by the expansion of exports. So a depletion of foreign reserves ensues, which may result in the depreciation of the foreign exchange and an inflationary shock (imports are more expansive in local terms).
Selected response from:

Francois Boye
United States
Local time: 14:53
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4foreign exchange constraint/limitations
Francois Boye
3foreign exchange control restrictions/regulations
David Hollywood


  

Answers


15 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
foreign exchange control restrictions/regulations


Explanation:
forreign exchange control restrictions/regulations

--------------------------------------------------
Note added at 17 mins (2015-10-09 01:43:32 GMT)
--------------------------------------------------

La restricción externa es un concepto de la ciencia económica que refiere a la imposibilidad de lograr un crecimiento consistente en una economía, por la dificultad para la obtención de divisas. Explica muchas de las dificultades que han tenido las economías latinoamericanas para su desarrollo

--------------------------------------------------
Note added at 19 mins (2015-10-09 01:45:38 GMT)
--------------------------------------------------

Countries with foreign exchange controls are also known as "Article 14 countries," after the provision in the International Monetary Fund agreement allowing exchange controls for transitional economies. Such controls used to be common in most countries, particularly poorer ones, until the 1990s when free trade and globalization started a trend towards economic liberalization. Today, countries which still impose exchange controls are the exception rather than the rule.

--------------------------------------------------
Note added at 24 mins (2015-10-09 01:51:25 GMT)
--------------------------------------------------

La restricción externa ha sido una limitación histórica al desarrollo de la Argentina en tanto el
nivel de actividad y las tasas de crecimiento económico se han visto restringidas por la disponibilidad
de divisas. Los primeros “cuellos de botella” en el sector externo que vivió el país remiten a la década
de 1930 y se hicieron manifiestos en diferentes momentos del modelo de sustitución de
importaciones.

--------------------------------------------------
Note added at 28 mins (2015-10-09 01:55:23 GMT)
--------------------------------------------------

www.reuters.com/.../argentina-imports-idUSL5N0VJ...

9 feb. 2015 - Due to tight currency and trade controls, Argentine businesses must ... the possibility of access to the foreign currency market for importers to ...

--------------------------------------------------
Note added at 33 mins (2015-10-09 02:00:06 GMT)
--------------------------------------------------

"trade controls" would be ok too

David Hollywood
Local time: 15:53
Native speaker of: English
PRO pts in category: 76

Peer comments on this answer (and responses from the answerer)
agree  Robert Carter: Could also leave it as simply "foreign exchange controls"
26 mins
disagree  Billh: even in accordance with your references this does not refer to exchange controls which is very specific - this is an economic term
10 hrs
Login to enter a peer comment (or grade)

12 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
foreign exchange constraint/limitations


Explanation:
economic growth entails a deterioration of the trade balance through a boom in imports not counterbalanced by the expansion of exports. So a depletion of foreign reserves ensues, which may result in the depreciation of the foreign exchange and an inflationary shock (imports are more expansive in local terms).

Francois Boye
United States
Local time: 14:53
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 60
Grading comment
thanks
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search