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This paper carries out a contemporary comparison between Argentina and Australia with a view to outlining a sensible action plan for economic development in Argentina. The analytical structure consists of three elements: development is envisaged as a sequential process; the organizing framework is Porter’s theory of economic development; and the data are based on the World Economic Forum reports on competitiveness. Our study identifies and measures barriers to economic development in Argentina with respect to Australia. The proffered methodology is both new and of general applicability.