March 27, 2019 |
Andrés Velasco is frustrated when he hears experts trying to diagnose Latin America’s economic challenges. “In my view, the question of growth in Latin America typically gets tackled the wrong way, because it gets politicized very quickly,” says Chile’s former finance minister who now teaches at London School of Economics.
Both the left and the right have a simplistic way of approaching the economy, according to Velasco. “The right-wing approach says the government has to get out of everything and the market will do its work. This is too simplistic and wrong. And there is a simplistic, left-wing version that says get the government involved in everything and we will grow. It is also too sim
Policies must be enforceable, transparent and flexible to tackle economic challenges, says Chile’s former finance minister