The Concordia Americas Initiative: Highlighting the Role of the Private Sector in Preserving Democracy

SpeakerS:

Gustau Alegret, Journalist, NTN24
Jorge Arbache, Vice President for the Private Sector, Development Bank of Latin America and the Caribbean (CAF)
H.E. Laura Chinchilla, Vice President, World Leadership Alliance – Club de Madrid; Leadership Council Co-Chair, Concordia
Dr. Julio Frenk, President, University of Miami; Leadership Council Member, Concordia

“Universities play a fundamental role in the preservation and strengthening of democracy.”   

– Dr. Julio Frenk

“The role of the private sector is absolutely critical in creating jobs and improving income in Latin America.” 

– Jorge Arbache

“It is important to be open to constantly redesigning the relationship between the private and public sectors according to the needs and context.” 

– H.E. Laura Chinchilla

“Addressing corruption is critical for all other areas.” 

– Gustau Alegret

Key takeaways & next steps:

  • Corruption is not just about monetary corruption but also includes the appointment of incompetent individuals to key positions, eroding trust in government. Incompetence can be a form of corruption. 
  • It is important that the corporate sector avoids involvement in corrupt political financing schemes and adheres to ethical standards and transparency to build trust in democracy. 
  • There are three fundamental functions of government: protection, promotion, and production. The government should protect citizens’ rights, promote development through incentives and investments, and participate in production as needed.
  • Educational institutions, especially universities, play a critical role in preserving and strengthening democracy by educating a competent workforce and fostering civic-minded citizens.

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