abril 17, 2014 Deja un comentario
Cisco’s Gustavo Sorgente presents his vision for the future of cities at WEF Latin America
A Cisco delegation led by Latin America President Jordi Botifoll and Central America, Northern South America and Caribbean (CANSAC) Managing Director Gustavo Sorgente participated actively last week in the World Economic Forum on Latin America, in Panama (April 1-3/2014). More than 600 leaders from government, business and civil society gathered together to discuss the region’s main challenges, and to propose innovative solutions under the theme Opening pathways for shared progress.
Latin America, a market of more than 600 million people, has strong macroeconomic fundamentals. However, the economic and social indicators show the need to increase productivity in the region in order to maintain sustainable economic and social development. This understanding along with the decrease in global growth and the change in patterns of investments combined with challenges in education, healthcare, infrastructure and technology framed the conversations conducted during the WEF in Panama.
It was clear during the event that Latin America is going through a very special moment and this represents a great opportunity. A cycle of rapid growth based on the economic demand for raw materials and easy lines of credit is over. We are already in a new cycle where the macroeconomic environment is more complex and therefore requires structural reforms that have long ago been proposed in the region. In this new stage it is vital that what has been built and will be built should be sustainable, based on thinking big for the long term. In this way we can counter pendulous economic cycles, and the significant ups and downs, which have historically characterized this region. Within this context, investments in technology play a key role in achieving improvements in productivity and competitiveness to generate sustainable groth.
Attacking the problem of productivity in the long term is a challenge for the region, and this was one of the main conclusions at WEF. The main task for the region is not confronting economic instability but low growth, potentially at annual rates of 2-3%, which will not meet the high expectations of the populations, in particular for the growing middle class. The only way to grow at a higher rate is increasing productivity: improving education, elevating innovation, enhancing infrastructure and achieving better competitiveness.
At the several meetings we participated in, it was manifested that the region must double its investments in infrastructure in general and in technology in particular to improve productivity. Within this context, how to improve Latin American cities was something present in many discussions, some of them led by Cisco.
Latin America’s momentum requires us to make fundamental decisions regarding physical technological investments that can help promote innovation and increase productivity. Together, this actions will lead to higher indexes of competitiveness which can only result in a more effective and efficient society, and in the so much needed social development of the region.
We hope that the WEF recommendations for Latin America start to materialize urgently.
TyN Group: Cisco CANSAC Managing Director Gustavo Sorgente is interviewed at WEF Latin America
TyN Group: Cisco Government Affairs Director Andrés Maz is interviewed at WEF Latin America