The president of the Institute of Economic Studies, Íñigo Fernández de Mesa, presented today the report “Business commitment to investment: the role of the company in the current Ibero-American situation”, during the first day of the XIV Ibero-American Business Meeting, which is being held as part of the XXVIII Summit of Heads of State and Government in the Dominican Republic.
This work has a clear business perspective, taking into account that it includes the valuable contributions of the presidents of the business organizations of the Ibero-American Business Council-CEIB, who symbolically signed the document before all the participants in the Meeting.
The main conclusions of the report, prepared by the Institute of Economic Studies, (a think tank of the Spanish Confederation of Business Organizations-CEOE) were presented in a panel focused on investment in Latin America, in which the Minister of Industry and Commerce of Dominican Republic, Ito Bisonó; the vice president of Confiep (Peru), Leonie Roca; the president of the National Federation of Chambers of Industries of Ecuador and executive president of CIP (Ecuador), María Paz Jervis; the vice president of Fedepricap and UCCAEP (Costa Rica), Enrique Egloff; and the president of AIRD and vice president of Conep (Dominican Republic), Pedro Brache.
The document highlights the need to increase investment in the region, in order to position itself as a focus of attraction for financial markets and companies on a national and international scale. Generating a more competitive economy that promotes the development of the region and the well-being of its citizens is essential.
Latin America has very diverse economies, which have taken different paths from an economic point of view. For this reason, this report aims to seek an overall vision, with the firm purpose of achieving public-private alliances and between different countries to face and overcome the challenges that lie ahead for the region.
This study will verify the importance of generating a favorable business climate and close collaboration with the public sector, two key pieces to increase the attractiveness of the region for financial markets and global companies.
or national. Likewise, and in advance, the positive effects of achieving a stable legal and institutional framework, boosting key growth factors, such as human capital and infrastructure, and persevering in macroeconomic stability will be seen in the development of countries. .
In the study, the analysis is carried out through a series of structural indicators that measure growth factors, the institutional framework and macroeconomic stability. Human capital, investment and R+D+i constitute the main potential growth factors of any economy and are those analyzed in the first block. Regarding the institutional framework, indicators such as free enterprise, private property, the efficiency of the public sector or the regulatory environment give an idea of the business climate of the different economies, with the ultimate goal of knowing the areas for improvement and highlight the specific challenges of each country and of the region as a whole. Lastly, and as a third block, inflation, deficit and public debt, and external debt are studied as key elements of macroeconomic stability and capital attraction.
The last part of this work focuses on the contributions of each of the business organizations that make up the CEIB. Each member organization provides a business vision of the priorities and actions that should and can be undertaken to strengthen the good performance and competitiveness of the company and the market economy in Latin America in general and in each country in particular.