A world with China that grows less and the US as the great locomotive

With a very traditional Spanish in which you can barely guess his Chilean tune, Andrés Velazco Brañes took over the main IDEA stage this afternoon at the Colloquium that has just started in Mar del Plata.

This former Minister of Finance of the socialist Michelle Bachelet and current dean of the School of Public Policy at the London School of Economics, spoke about trends and great opportunities.

and anticipates that China and the world will grow less, but the United States will continue to be a locomotive. “The economy that was coming at cruising speed, today as a donkey.”

In his vision, “the world is not growing much and China especially. The exception is the United States, which is always growing. Is magical his underlying vigor, his creativity and the ability to create companies”.

Along the way he broke several myths. For example, the industrial policy of large countriess, especially the US. And Europe. “It became fashionable”, he blurted out.

Also that globalization, which seemed to be in an unstoppable race, has slowed down. It’s going backwards. “The trend is to put a stop to globalization, “With the excuse of national security, tariffs are imposed.”

Interviewed by the editor of Clarion, Daniel Fernández Canedo fired several definitions. Among them, Artificial Intelligence is increasing the gap between those who can handle it and those who will be further left out. Regarding cryptocurrencies, he assured that They have no support, that they cannot be equated to true currencies that have the backs of the states.

When referring to opportunities invited to get going: “There are many investments from companies that were in China and do not do so anymore. Today they go to Mexico and the Caribbean, which has access to the US market. Another is natural resources in the midst of the energy transition. And also human capital.”

Here its main definitions:

Towards the end he left a great concern whether the world can sustain another half century of prosperity at a time when liberal democracy is threatened. “Since 1945 there has not been a country that invaded another like Russia with Ukraine. And we fear that the conflict between Israel and Iran will get out of hand,” he shot before an audience that was taking notes,