NewsWhore
01-28-2011, 04:20 PM
Following his meetings at the WTO and UNCTAD, President Fernandez departed to Davos to attend the World Economic Forum from Thursday to Saturday. www.weforum.org/events/world-economic-forum-annual-meeting-2011 (http://www.weforum.org/events/world-economic-forum-annual-meeting-2011)
At the event, President Fernandez participated in a panel discussion on "Laying the Foundation for a Latin American Decade" that looked into the strategic challenges facing the continent as it focuses on how to continue its progress and increase its impact as a global player at a time when illicit trade of drugs with the US has affected governance as the region becomes more affluent.
Per capita income in the region has risen above US$9 billion and as millions rise above poverty and a middle class is emerging, Latin American society has become a target. Criminal cartels now compete over contested territory, move into city centers and fight each other to the death.
The leaders also focused on how too many of today's voters merely want comfortable government jobs, when entrepreneurs could generate 80% of new jobs and wealth.
Climate change and sustaining the natural environment were also discussed. The region recognizes its extraordinary ecological capital, and the discussion focused on ways to exploit that value with sustainable extraction and by leaving rainforests intact as the carbon-filtering lungs of the planet.
The participating leaders acknowledged past shortcomings, and added that there are almost no research and development centers of higher learning from which to draw talent in the region, and that the region's universities do not appear anywhere in the top 200 rankings. Yet, others are expanding micro-lending programs, making it easier to set up private businesses, and handing out hundreds of thousands of laptops so that students can insert themselves into the global economy.
Other points raised included the problem of access to capital. "Latin America does not have angel investors; it does not have investment bankers or venture capitalists. It just has family money, friends' money and fools' money", was one of the conclusions.
President Fernandez took part in the discussion together with other leaders including Mexican President Felipe Calderon, Panamanian President Ricardo Martinelli, Colombian President Juan Manuel Santos and Brazilian Foreign Relations Minister Brazil Antonio de Aguiar Patriota.
The Davos Summit ends on 31 January, when President Fernandez travels on to India to attend the Delhi Sustainable Development Summit (DSDS), organized by The Energy and Resource Institute (TERI) and will be inaugurated by Prime Minister Manmohan Singh.
More... (http://www.dr1.com/index.html#2)
At the event, President Fernandez participated in a panel discussion on "Laying the Foundation for a Latin American Decade" that looked into the strategic challenges facing the continent as it focuses on how to continue its progress and increase its impact as a global player at a time when illicit trade of drugs with the US has affected governance as the region becomes more affluent.
Per capita income in the region has risen above US$9 billion and as millions rise above poverty and a middle class is emerging, Latin American society has become a target. Criminal cartels now compete over contested territory, move into city centers and fight each other to the death.
The leaders also focused on how too many of today's voters merely want comfortable government jobs, when entrepreneurs could generate 80% of new jobs and wealth.
Climate change and sustaining the natural environment were also discussed. The region recognizes its extraordinary ecological capital, and the discussion focused on ways to exploit that value with sustainable extraction and by leaving rainforests intact as the carbon-filtering lungs of the planet.
The participating leaders acknowledged past shortcomings, and added that there are almost no research and development centers of higher learning from which to draw talent in the region, and that the region's universities do not appear anywhere in the top 200 rankings. Yet, others are expanding micro-lending programs, making it easier to set up private businesses, and handing out hundreds of thousands of laptops so that students can insert themselves into the global economy.
Other points raised included the problem of access to capital. "Latin America does not have angel investors; it does not have investment bankers or venture capitalists. It just has family money, friends' money and fools' money", was one of the conclusions.
President Fernandez took part in the discussion together with other leaders including Mexican President Felipe Calderon, Panamanian President Ricardo Martinelli, Colombian President Juan Manuel Santos and Brazilian Foreign Relations Minister Brazil Antonio de Aguiar Patriota.
The Davos Summit ends on 31 January, when President Fernandez travels on to India to attend the Delhi Sustainable Development Summit (DSDS), organized by The Energy and Resource Institute (TERI) and will be inaugurated by Prime Minister Manmohan Singh.
More... (http://www.dr1.com/index.html#2)