April 14, 2021

Ibero-American businessmen, worried about corruption and populism

Ibero-American businessmen, worried about corruption and populism

The lack of legal security, corruption, instability and the rise of right or left "populisms" are some of the problems that most concern Ibero-American businessmen, the vice president of the Spanish Confederation of Business Organizations told Efe today. (CEOE), Antonio Garamendi.

The Basque entrepreneur, who attends the XII Ibero-American Business Meeting that takes place in the Guatemalan city of Antigua with the participation of some 700 managers, expressed his concern about the low economic growth of the region, less than the world and even that of Asia.

In his opinion it shows "a practically endemic problem" and indispensable to avoid poverty, one of the goals established in the objectives of the 2030 Agenda and that requires a "minimum" growth of the economy between 5 and 6% during the next 20 or 25 years.

For the vice president of the Spanish employers' association, the two most commented problems by Ibero-American businessmen in this forum are corruption, "the lowest common denominator", and "populism", two problems that generate instability, regulatory changes and a lack of security that It prevents companies from growing and contracting.

Garamendi said that it also generates more development of the informal economy or "economy in B", which is 47% in the region and prevents countries from moving forward.

The businessman also referred to the fact that the "success" of Spain has been stability and that it "does not give a party, they all give it and society gives it" with the consolidation of a series of rules.

In this sense, he pleaded to wait to see the measures adopted by the future governments of the elector presidents of Brazil, the ultra-rightist Jair Bolsonaro, and of Mexico, the leftist Andrés Manuel López Obrador, who will assume their positions in the coming weeks.

In his opinion, both should be framed in that institutional and system stability, the same one that he asks for for Argentina and Brazil.

Garamendi also highlighted the important role that companies must play in achieving the objectives of the 2030 Agenda and recommended "getting on the train" of digitalization and globalization, including small businesses.

These amount to some 11 million in the region, and of these 10 million have only one worker.


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