“There's life after the adjustment,” economist says
The fiscal adjustment is a transition phase, and, in order to overcome it, Brazil will need a positive agenda on which the private enterprise is to have a greater role. This is the opinion of Carlos Langoni, current director at the World Economy Center, of the Getúlio Vargas Foundation (FGV). During the seminar entitled Brazil: A Competitive Profile, at the headquarters of the Federation of Industries of Rio de Janeiro State on Monday (Jun 8), Langoni said “there's life after the adjustment.”
In the economist's view, “Brazil will survive and overcome this transition phase. The great challenge lies in how to bring investments back, because there's no growth without it.” He argued for an economy that stimulates more private investment. “The crisis is pushing Brazil towards a path of efficiency, based not on the government, but on the private sector.”
Langoni, who was chairman of Brazil's Central Bank from 1983 and 1985, showed his support for the adoption of tenders in an attempt to attract private investments, and compared them to privatization. “Tendering is a timid form of privatization. A 25-year-long tender, renewable for another 25, is a kind of privatization.”
Translated by Fabrício Ferreira
Fonte: “There's life after the adjustment,” economist says
