In this scenario, Mulino said that before the geopolitical changes that are experienced, the Latin America and the Caribbean region must enhance its assets. It should be bet on sustainable development, add value through education and innovation to guarantee internal growth and boost region’s trade.
Regarding the challenges faced by the countries of the region, he indicated that a present state must be guaranteed, because not everything can be at the mercy of the market.
“At the same time, it has to be a state that does not hinder, that guarantees opportunities, but also that it is not a brake on private initiative.”
In addition, he commented that the “Gordos” states only scare away investments, as you cannot make up inefficiency with excessive public spending, “you cannot cover opportunities with bulky state employment.”
But he acknowledged that countries do not have the resources for these necessary changes, so the importance of instances such as the Development Bank of Latin America and the Caribbean (CAF), because the financing must be increased to increase a “real transformation” .
The challenges in the economic growth of the region are important, because for this year it is estimated that it is only 2.5%, the least compared to other regions of the world.
