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Opportunities to Improve the Economic Growth of Latin America

SpeakerS:

Dr. Juan José Daboub, President, HUGE Business & Investment Council
John Yearwood, Editorial Director – Diversity & Culture, POLITICO
Marisol Argueta de Barillas, Head of the Regional Agenda, Latin America, World Economic Forum

Key takeaways & next steps:

  • When examining opportunities to improve the economic growth of Latin America, it is necessary to see the bigger picture—especially when comparing two countries, because there are many aspects that play into a country’s success or lack thereof. 
  • Both trade and commercial tension between the U.S. and China provide Latin and Central America with an opportunity to attract the companies exiting China. 
  • The opportunity for economic growth in Latin America is accompanied by certain degrees of political risk; this risk reiterates the need for strong institutions, a competitive economy, and a long-term vision in order to reassure potential investors in the region.
  • Emphasis must be placed on skilling, reskilling, and upskilling labor in order to attract jobs that bring better wages, while incentivizing people to remain in their home countries.

“The private sector is permanent so we need to use that as the entry point that can help, on the one hand, create jobs and, on the other hand, strengthen the institutions that are needed for those jobs to be created.”

 
Dr. Juan José Daboub, President, HUGE Business & Investment Council

“China is one of the region’s biggest financial backers, but at the same time some people would tell you in some parts of the region they’re doing really severe environmental damage.”

 
John Yearwood, Editorial Director – Diversity & Culture, POLITICO

“We need bipartisan support to have a long-term vision and a stable policy among the Americas. We can no longer continue to be spectators.”

 
Marisol Argueta de Barillas, Head of the Regional Agenda, Latin America, World Economic Forum

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