It would spur smuggling, and anyone who's trying to manufacture things locally that contain computers would have to move their manufacturing offshore, maybe to Uruguay. For a while I worked at Satellogic; they manufacture their satellites in Uruguay because, during the currency-exchange controls a few years ago, it was impossible to reliably import the necessary components into Argentina. (Those controls are coming back, most likely, in December.)
Also, anyone who wants to do deep-learning research would have to go overseas, unless paying the inflated rates AWS charges was ⓐ feasible in practice (i.e., Argentine banks still allow you to pay Amazon with your credit cards, and ⓑ not so expensive it sinks your research project.
More broadly, what you're suggesting is called "import-substitution industrialization", and it was the mainstream economic policy throughout Latin America during most of the 20th century. By contrast, during that time, most Asian countries focused on "export-oriented industrialization". This is the major reason why countries like Japan, Korea, and Taiwan are roughly as rich as the US, while Latin America has become relatively poorer and poorer. I consider import-substitution industrialization a failed experiment, like Communism.
Also, anyone who wants to do deep-learning research would have to go overseas, unless paying the inflated rates AWS charges was ⓐ feasible in practice (i.e., Argentine banks still allow you to pay Amazon with your credit cards, and ⓑ not so expensive it sinks your research project.
More broadly, what you're suggesting is called "import-substitution industrialization", and it was the mainstream economic policy throughout Latin America during most of the 20th century. By contrast, during that time, most Asian countries focused on "export-oriented industrialization". This is the major reason why countries like Japan, Korea, and Taiwan are roughly as rich as the US, while Latin America has become relatively poorer and poorer. I consider import-substitution industrialization a failed experiment, like Communism.
But it did give us Lua!