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World Economic Forum on Latin America Highlights Challenges Ahead for Regional Development

LADB Article ID: 80295
Category/Department: Region
Date: 2017-05-12
By: Johanna Marris

Around 1,200 business and government leaders from 65 countries met in Buenos Aires to discuss the challenges and solutions for Latin America’s sustainable social and economic development. The occasion was the 12th annual World Economic Forum on Latin America, which took place on April 5-7. The forum’s theme was “Fostering Development and Entrepreneurship in the Fourth Industrial Revolution,” and key topics included the challenge of maintaining economic recovery in the region following two years of recession; Latin America’s potential for growth and greater global integration through strengthening agricultural and renewable energy production; and risks to future growth, among them the political crises seen in many countries, corruption, and rising crime. The forum consisted of presentations and panels discussing views of the way ahead for Latin American development, with the participation of government ministers, business leaders, and multilateral representatives from across the region. Among the key themes emerging were the need to move away from dependence on raw material exports, the challenges of addressing corruption, and the need to improve regional integration.

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