Monday, February 26, 2024

A country in need of deep structural change

The change of Government once again puts the Argentines in front of a historic opportunity to pursue a clear, long-term direction, towards the path of sustainable and inclusive economic development and that allows us to change the painful and growing rates of poverty.

In recent decades, The polarization of political leadership and society prevents us from agreeing and implementing medium and long-term policies of the State.. From the business sector, we hope to start a new period in which we will be able to agree on the goal of reducing poverty and improving the quality of life of all Argentines.

Mercy
This Sunday, December 10, Javier Milei took office as president of Argentina

In companies, we know that the lack of agreement on a development model for the country and the permanent change of the rules of the game create a negative impact on the businessespecially in investment decisions, but it also affects the decisions that all Argentines must make every day, individually and collectively.

We understand that our country needs deep structural changes which is possible only if we work with a dynamic collaboration between the different sectors involved. Today the world offers a window of opportunity for Argentina with a demand for food, energy, minerals and knowledge, sectors that have the potential to be engines of development, wealth and generation of quality work.

The challenge, again, is to transform that potential into reality. The new stage is not easy and it is necessary for leaders – political, business, union and social – to take responsibility for reducing uncertainty and agree on a plan to urgently organize the economy.

In the next stage, the efficiency and sustainability of public spending will be a priority and advanced methods of tax and labor matters that can be used for business development and job creation, with an increase in competition. It is about balancing the income and expenditure of the State, defines a tax scheme that encourages growth and investment and a labor scheme that encourages the creation of quality work. We also know that the measures taken in the decision to organize the economy must contain the most vulnerable sectors.

In the 59th IDEA Colloquium We present a diagnosis of the potential of five high-impact sectors. We estimate that exports in agribusiness, oil and gas, mining, knowledge economy and tourism will go from USD 73 billion registered in 2022 to around USD 190 billion in 2033. To achieve this, it is important to create predictable and stable business environment that creates confidence in attracting the long-term investment needed in our country.

This year, more than 60 CEOs from IDEA member companies are working on the development of 20 proposals aimed at the development of the private sector in general and these high-impact sectors in particularThey are basic rules: spending the same or less than we earn, a tax scheme that encourages growth and investment and a labor scheme that encourages the creation of quality work.

*By Paula Altavilla, president of IDEA

World Nation News Desk
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