Bernard Appy (left.) Fiscal Citizenship Center director and Herlon Faria, director of Wipro. Photo:. Luiza Sigulem
post-crisis life: how long the Brazil to grow back? The question that remains, for millions of Brazilians, titled the last round of Rumos Seminar debates the Economy: Where and How to Invest to Grow in Turbulence, promoted event on Friday (6), in São Paulo, by the magazine Brazilian . In his lectures, Bernard Appy, director of the Tax Citizenship Center, and Herlon Faria, director of Wipro, of course, determined not an effective time to turn around, but emphasized that this time will be shorter if the country’s economy is guided mainly by stimulating industrial productivity.
With 18 years of experience in Wipro, Faria began his lecture emphasizing that over that period the company, Indian giant with global operations in the Information Technology market, known recessive frames. “Year after year, we do not see crisis. I came here to talk about the half of the glass that is full, “he said. The executive explained that this “shield” comes from the fact that Wipro is inserted in a competitive market marked by “extraordinary” ambitions, but not for that “ordinary” to act retraction any symptom of economic crisis, as in many sectors .
Faria said, for example, the impact of the 2008 crisis was much greater for automakers of the American auto industry than for companies from South Korea and China, for the Asian industry priority in the last 20 years, technology as the apex of economic growth. “General Motors, for example, became an American state. The government bought the company to exonerate her and gradually return it to investors, “he said.
In his speech, Bernard Appy also made an analogy involving the South Korean industry, but in relation to Brazil. According to him, the capacity of South Korea was lower than the Brazilian 1980s, but in two decades, the growth of the productive efficiency of Koreans more than doubled. According to Appy, there are several factors that chronic stanch the country’s industrial productivity to a meager growth of the order of less than 1% per year: “The cost of capital and interest rates hinder investments and industrial growth. We are not in a comfortable way, and there is much bureaucracy and legal uncertainty in the country. In addition, our tax system is absurdly complex. The cost of compliance, in Brazil, is the highest in the world “
Appy also devoted generous space of his lecture to alert the imminence of a factor. – He said, little regarded by other economists – that can put the country in a more adverse situation: the aging population and the consequences of the collapse of Social Security for the state machine. For him, in the near future, this approach will require drastic action, but necessary. “It is socially fair that a person who is 50 to retire? She is unable to work? There is a difference between unpopular and socially unjust measures. This discussion is crucial. If not, we will leave a priceless account for our children and our grandchildren. “
Directions of Economics seminar takes place every year. Promoted by magazine Brasileiros , aims to discuss the economic of this scenario and point the way for the development of the country.
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