Latest News

OAS chief calls for more public/private partnerships in region

Tuesday, October 02, 2012 | 3:05 PM    

Print this page Email A Friend!


KINGSTON, Jamaica — The Assistant Secretary General of the Organisation of American States (OAS), Albert Ramdin, today called for a new, more inclusive kind of governance in Latin America and the Caribbean.

Ramdin’s position hinges on “better relationships between those who make policies and the private sector” to overcome challenges that, he said, could impede continued economic growth and a growing influence in the global economy.

Speaking to business executives from throughout the Americas at the annual meeting of the Association of American Chambers of Commerce in Latin America and the Caribbean (AACCLA), Ramdin highlighted that “low investment in human capital and infrastructure, and inequalities” continue to be key challenges to accelerating inclusive growth in Latin America and the Caribbean. 

“We urgently need to create a culture of healthy public-private collaboration, where public and private sector leaders work together to tackle these impediments to growth and poverty reduction,” he said.

Ambassador Ramdin highlighted that the region has a serious deficit in the area of innovation and education, and added that with prospects of slower growth rates, the region needs to improve productivity, infrastructure, and transport. In addition, he said, logistics accounts for an additional 18% to 35% of product value compared to just 8% in the OECD countries. “When you also add the costs associated with the current insecurity trend, businesses from the region are disadvantaged and less competitive compared to those in other parts of the world,” said Ramdin.

Like our Facebook page https://www.facebook.com/jamaicaobserver

Follow us on Twitter https://twitter.com/JamaicaObserver

ADVERTISEMENT

POST A COMMENT

HOUSE RULES

 

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT
ADVERTISEMENT

Poll

Should the shift system be eliminated  in all high schools?
Yes
No
Not All


View Results »


ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT