on Wednesday pointed out that the State and the private sector must work in a coordinated way.
"It is not enough to issue a rule or design a budget; you have to follow up on it and see if the rule works; otherwise, you have to amend it,"
Ghezzi told Andina news agency.
"This public-private collaboration must be the mechanism that allows you to find out if the regulation is working or, if that is not the case, make the appropriate amendments," he added.
The expert commented that the State in general sets rules that often do not reflect the productive reality. For instance, he said the private sector considers that there are many procedures.
Complex relationship
"The State sees the private sector as a defender of its (own) interests, lobbyists and that, on some occasions, it even leads to corruption cases. This complex relationship between the State and the private sector is a constant in our country,"
Ghezzi expressed.
"The presence of many procedures is blamed, but in reality it is not only that, since the world requires environmental and labor standards, as well as respect for communities," he added.
The economist argued that 30 years ago some standards were not required. However, they are now necessary, so the State has to enact regulations which reflect the need to meet those indicators.
Balanced standards
"The rules have to be good and strike a balance among respect for labor, environmental, and ethical standards, with a greater incentive for private property," he remarked.
Ghezzi also considered that the development of productive activities should be promoted at the regional level, so that there is not so much dependence on the mining sector.
"What the pandemic has put in evidence is a problem that comes from the past; the weakness of the State and the absence of the capacity to do the things that are required in order to provide minimum services and public goods to the citizenry," he concluded.