Fernando Salazar, research professor at the Admiral Padilla Naval Cadet Schoolindicated that each of the reforms presents its specific objectives, albeit under the same premise of the so-called “change”.
“On an international level, the labor and pension reforms have been endorsed by the OECD, which has stated its agreement because of the expected long-term results, seen as development and growth for the country. The labor reform will be an issue that foreign companies or investors will look at regarding the financial results the country promises for locating and operating from Colombia, and in light of this they will evaluate whether their expectations will be met and with what level of precision compared to their expectations, forecasts,” explains Salazar.
The expert explained that apart from having risks or not, it is important to verify whether these reforms they are essentially trying to attract investment or, on the contrary, they try to keep it at bay in order to comply with plans and goals for the nationalization of the manufacturing sector. “This is a model widely used by leftist governments throughout the Latin American region,” Salazar noted.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
