Mar 13 β€’ 20:53 UTC πŸ‡¦πŸ‡· Argentina Clarin (ES)

Lavigne: 'There are sectors that create jobs and others that destroy them, these are issues of capitalism'

During the annual summit of the Inter-American Development Bank (IDB) in Paraguay, Pablo Lavigne discussed challenges related to job creation and destruction in Argentina amid the implementation of the Mercosur-EU agreement.

At the annual summit of the Inter-American Development Bank (IDB) held in Paraguay, discussions turned to the long-awaited implementation of the Mercosur-European Union agreement, which has been in negotiation for 25 years. Secretary of Production Coordination Pablo Lavigne took the stage to explain the government's aggressive approach to economic integration, emphasizing that without trade, there can be no development or decent wages. He acknowledged the transitional frictions within the labor market, specifically how certain sectors thrive while others face decline, deeming it a natural consequence of capitalism.

Lavigne stated that when the current administration took office, Argentina was one of the world's most closed economies, and the strategy to open up had to be robust. He illustrated the opposing experiences of various economic sectors, where some are flourishing and generating jobs while others are suffering and losing employment opportunities. This dichotomy, he argued, is a challenge that must be addressed intelligently and sensitively to reconcile the competing interests of different industry players.

The presence of key economic figures, such as the Deputy Minister of Economy, JosΓ© Luis Lingeri, signaled the importance of these discussions for Argentina's economic future. The remarks made during this summit could set the tone for policy direction as the country seeks to navigate job market challenges while fostering investment and growth through broader trade partnerships, illustrating the delicate balance between embracing globalization and managing domestic economic realities.

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