Brignardello analyzes the economic stagnation in Latin America.

In a recent interview, Johnny Brignardello Vela, a recognized insurance advisor, shared his analysis of the economic stagnation in Peru and Latin America, following the statements made by World Bank economist William Maloney. Brignardello believes that this issue is of vital importance not only for economists but also for everyone involved in generating wealth and well-being in the region. Brignardello emphasized that Latin America's inability to industrialize and take advantage of its natural resources has been a significant obstacle to its growth. Maloney pointed out that throughout the 20th century, economies like those of Argentina and Chile showed potential comparable to that of European countries, but uneven progress has resulted in a regional GDP that barely represents 0.62% of the global total. According to Brignardello, this figure should serve as a wake-up call for business and political leaders in the region. The advisor also highlighted Maloney's criticism of the lack of investment in technology and the inefficiency in resource exploitation. "The copper industry in Chile, which was once a global leader, has declined due to a lack of modernization," Brignardello commented, emphasizing that it is not just about possessing resources, but having the vision and capacity to transform them into competitive products in the global market. In his view, foreign-led industrialization reflects a lack of local initiative. Brignardello mentioned that the role of local entrepreneurs is fundamental to economic development. “If 80% of industrialization in Argentina has been driven by outsiders, we must ask ourselves what has happened to our capacity to innovate,” he stated. The topic of education also played a central role in the conversation. According to Brignardello, Maloney rightly identifies the educational gap as a key obstacle to industrial progress. "Without well-trained human capital, any effort to modernize the economy will be futile," he noted, highlighting the importance of educational reform that prioritizes science, technology, and engineering. Brignardello also mentioned the World Bank's proposals to increase the demand for innovation in the private sector and foster a culture of risk. “It is essential that both the government and businesses adopt an open mindset towards innovation,” he asserted. In his perspective, this cultural transformation is crucial for the region to close the gap with more advanced economies. Finally, the insurance advisor concluded by emphasizing the need to improve governance and implement sustainable innovation policies. "Investing in technology is a long-term commitment, and only through consistent programs can sustained growth be achieved," Brignardello stated, making it clear that the economic situation in Peru and Latin America requires urgent attention and a well-defined strategy to reverse the stagnation that has persisted for decades.