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Chile takes great step to spur innovation

En Miami Herald / 8 noviembre, 2014

ALFREDO ESTRELLA/AFP/GETTY IMAGES

WASHINGTON – Chile has just taken a bold step to promote innovation that should be copied by all other Latin American countries.

In order to encourage entrepreneurs to start new businesses and not be paralyzed by the fear of failure, it has put into effect a new bankruptcy law that eliminates many of the burdens of insolvency.

It may seem like unexciting news, but in Latin America — where draconian bankruptcy laws often turn business people who file for bankruptcy into economic and social pariahs — the repeal of draconian bankruptcy laws could be a major step to spur innovation and economic development.

Judging from what I learned over the past four years, while I was doing research for a just-published book on innovation in Latin America, ruthless bankruptcy laws are among the biggest obstacles to entrepreneurship and innovation in the region.

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Andres Oppenheimer
Es el editor para América Latina y Columnista de “The Miami Herald,” conductor del programa “Oppenheimer Presenta” por CNN en Español, y autor de siete Best-Sellers. Su columna “El Informe Oppenheimer” es publicada regularmente en más de 60 periódicos de todo el mundo, incluidos “The Miami Herald” de EEUU, La Nación de Argentina, El Mercurio de Chile, El Comercio de Perú, y Reforma de México.




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Un buen paso para la innovación

WASHINGTON - Chile acaba de dar un audaz paso para promover la innovación que debería ser imitado por todos los países...

8 November, 2014