The personal sector is known as upon to be an agent of change for the transformation of Latin America and the Caribbean’s economic system, within the pursuit of extra productive, inclusive and sustainable growth for the area, taking part in an much more important position within the framework of productive growth insurance policies, the Govt Secretary of the Financial Fee for Latin America and the Caribbean (ECLAC), José Manuel Salazar-Xirinachs, acknowledged this Friday, June 28, on the inauguration of the Regional Dialogue: “The role of the private sector in the framework of a new vision for productive development policies (PDPs) in Latin America and the Caribbean”.
“To flee the lure of low development in Latin America and the Caribbean, it’s crucial that nations scale up and enhance their productive growth insurance policies. There may be a wholly new paradigm concerning what these insurance policies include and how one can make them, and that’s what we at ECLAC are selling,” José Manuel Salazar-Xirinachs defined on the occasion organized by ECLAC, the Worldwide Organisation of Employers (IOE) and the Worldwide Labour Group (ILO).
ECLAC’s highest authority clarified that “we’re speaking about productive growth insurance policies that prioritize correct governance and collaboration processes among the many key stakeholders. Which means PDPs which are understood, primarily, as collaborative efforts between the general public sector, the personal sector, academia and civil society, with the goal of figuring out and addressing bottlenecks which may be limiting productive transformation, together with initiatives that may increase development, productiveness and competitiveness.”
“The personal sector has already been collaborating in productive growth insurance policies in a lot of our nations and their territories, and there are various profitable circumstances. Nonetheless, we’re satisfied that businesspeople and their representatives might play an much more important position in these insurance policies,” José Manuel Salazar-Xirinachs emphasised throughout the opening session of the occasion, which drew the participation of presidency officers, representatives of enterprise associations from the area’s nations, and specialists from worldwide organizations.
Along with collaborating within the design of PDPs to make sure that these insurance policies have larger relevance, the personal sector ought to co-lead cluster initiatives, make investments extra in Analysis and Growth (R&D), and generate ventures in new actions that may diversify economies, the senior official indicated throughout a presentation entitled “Transformation of Latin America and the Caribbean’s growth mannequin and the position of PDPs.”
Likewise, huge companies might function “anchor corporations” to enhance the productiveness of their suppliers, in addition to to assist the worldwide integration of different corporations primarily based on their capacities and distribution channels, he emphasised.
In accordance with José Manuel Salazar-Xirinachs, “we should get behind sectoral efforts. It can be crucial that nations, as public coverage, work in partnership with the personal sector in particular sectors. ECLAC has recognized a portfolio of sectors for driving a significant productive transformation in Latin America and the Caribbean.”
The opening session additionally featured remarks by Roberto Suárez Santos, Secretary-Normal of IOE, and Ana Moreira, the ILO Regional Director for Latin America and the Caribbean, adopted by a presentation by the Director of Public Coverage on the Confederation of Manufacturing and Commerce (CPC) of Chile, Javier Irarrázaval, on the primary outcomes of the ILO’s 2023 report on driving up productiveness in Latin America.
Roberto Suárez Santos of IOE affirmed that “efficient collaboration by the personal sector that may have an effect, is linked to the shift in nationwide and world insurance policies. It’s nugatory for giant multinationals to decide to placing assets, for instance, into coaching younger individuals or strengthening Synthetic Intelligence integration, if later there aren’t any insurance policies, laws or establishments that endorse and combine this.” He added: “We consider it is crucial for the personal sector to indicate management. We can not let ourselves be swept alongside by a fully adverse strategy. Now we have to navigate these advanced waters with a depoliticized strategy.”
In the meantime, Ana Moreira, the ILO Regional Director for Latin America and the Caribbean, emphasised that the present context of low development and stagnant productiveness necessitates “that the area seek for choices to enhance and scale up productive growth insurance policies in a collaborative approach with private and non-private sectors, employees, academia and civil society. Enterprise organizations are elementary and might actively contribute to the design, implementation and administration of those new and mandatory productive growth insurance policies.”
Throughout his presentation, José Manuel Salazar-Xirinachs additionally sustained that social dialogue is a key instrument for managing and guiding the transformations that the area wants. “It’s not solely vital to have dialogue on labor points, but additionally on the macroeconomy, productive growth and territorial growth,” he stated, asserting that in September ECLAC will launch a brand new emblematic report on productive growth insurance policies in Latin America and the Caribbean, with the goal of publishing it yearly.
On the occasion’s 5 panels, members shared profitable experiences with personal sector participation in public-private governance areas for addressing strategic points similar to sustainable growth, the closing of gaps in human expertise, the technology and dissemination of expertise and data, and territorial productive growth.
Taking part within the regional dialogue had been representatives of enterprise teams, authorities authorities and specialists from Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Paraguay and Peru.
