Governments Do Not Create Wealth

"What makes a country prosperous is not its resources but how productive it is. A country is not rich because of what it has but because of what it does with it " - Javier Simán.

Thursday, June 28, 2012

An analysis by Claudio M. de Rosa in an article in Laprensagráfica.com, refers to the economical situation and the political circumstances in El Salvador, but most of the concepts and findings can be extrapolated to the entire Central American region.

Of special importance are the words of Javier Siman, president of the Salvadoran Association of Industrialists:

- "In recent years we have watched with concern a systematic attack on private enterprise from the very people who demand of us more investment and more jobs."

Those who demand stability, institutional respect and an atmosphere of trust are those who have generated national wealth and employment. For this, the president of the ISA provides this story as an example: "Our union work did not start three years ago but in 1958. Let no one walk about asking where we were before today, because we will respond with complete authority ... We were where we have always been: Creating jobs that other people promise, producing the wealth that others distribute, and bringing development and wellbeing where others do not. That's where we have been and will remain ".



More on this topic

Not the Way to Improve the Business Climate

October 2017

Salvadoran industrialists claim that with the presidential veto of the administrative simplification law, the country has lost a valuable opportunity to improve the already deteriorated business climate.

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With the veto of the Administrative Simplification Act, the Salvadoran government is sending a clear message to the business community and to society in general: There is no interest in paving the way for the private sector to generate more jobs and, consequently, more wealth and socioeconomic development.

Government Moves Away from Business

April 2016

In El Salvador, the decision taken by the Sanchez Ceren administration not to attend the main business event in the country reveals either disinclination, inability to govern, or simple political manichaeism.

EDITORIAL

Maybe it is a persistence of visualizing the world as it was in the last century, dividing it into two antagonistic parties, capital on the one hand and labour on the other.

El Salvador: Not Just Laws, But Concrete Actions

October 2012

Beyond the new laws to promote domestic and foreign investment, the government must demonstrate the existence of legal security in El Salvador.

An article in Diario El Mundo reports that "The reform package that the government recently introduced to encourage domestic and foreign investment in the country, yesterday received the backing of the business association although they say there is still a lot to be do done."

Slight Recovery of Salvadoran Industry

December 2010

Despite adverse economic conditions the industry has managed to grow 1.27% this year.

Details given by the Salvadoran Association of Industrialists (ASI), indicate the area which have rebounded the most is textiles, while construction closed with a negative -5.4%.

Elsalvador.com reported statements from Javier Siman, president of the ASI, indicating that industry remains stagnant and has not grown as expected.

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