2014 Santiago Blog: Chile's Minister of the Economy, Development, and Tourism Luis Felipe Céspedes
Céspedes' spoke about the country’s growth strategy with a focus on reducing inequality and elevating the economy to developed-country status.
Chile’s Minister of Economy Luis Felipe Céspedes discussed the country’s growth strategy with a particular focus on what steps Chile needs to take to reduce inequality and elevate the economy to developed-country status. He noted that the government’s main growth strategies include pushing for economic diversification, promoting high-potential sectors, increasing productivity, and boost exports. The government will attempt to do this through an array of programs and public-private partnerships. [Download a PDF of Céspedes' presentation.]
A Chilean produces 60% of what an Australian produces. Chile needs to improve productivity- @meconomia Céspedes LIVE: http://t.co/cjC6dNBNCo
— AS/COA Online (@ASCOA) June 27, 2014
There will also be a particular emphasis on encouraging small- and medium-sized enterprises (SME) growth. This will be achieved, said Céspedes, through expanding credit opportunities to SMEs, the creation of 50 nationwide development support centers, export assistance, and business-to-business facilitation.
. Ministro Luis F Cespedes en @ASCOA #Chile ha progresado mucho en materia economica , pero un problema es que las PYMES no escalan.
— Jorge Heine (@jorgeheinel) June 27, 2014
The minister also pointed out that tackling lagging productivity will be a central challenge for the economy.
Ministro Céspedes: "Un desafío fundamental de nuestra economía es aumentar la productividad" #PerspectivaCL @ASCOA pic.twitter.com/Ee15pBTG1Q
— Ministerio Economía (@meconomia) June 27, 2014
Watch a video of Céspedes' remarks.