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OAS Assistant Secretary General Calls for Public and Private Sectors to Bridge their Differences for the Benefit of All

  October 9, 2014

OAS Assistant Secretary General Calls for Public and Private Sectors to Bridge their Differences for the Benefit of All
Photo: OAS

The Assistant Secretary General of the Organization of American States (OAS), Albert Ramdin, today stated that it is necessary for the region to overcome old tensions between the public and private sectors for the benefit of all, during a dialogue with entrepreneurs held in the context of the VIII Americas Competitiveness Forum, taking place in Port of Spain, Trinidad and Tobago.

Assistant Secretary General Ramdin asserted that "it is time to move away from the old paradigm, which traditionally pits socialism against capitalism. Instead, we must continue to pursue a hybrid relationship, which can benefit both the private and public sectors.”

“I'll continue being direct with you," he added, because “I believe that, fundamentally, there is nothing wrong with the idea of capitalism. Let me go further. There is nothing wrong with making a profit. The challenge is how to share social gains to lift the overall standard of living.” “The key is a fine line, called balance," indicated Ambassador Ramdin during the dialogue organized by the Inter-American Development Bank (IDB).

Ambassador Ramdin emphasized the need for the public and private sectors to bridge their differences, as the 2015 Summit of the Americas in Panama approaches. "Continuous dialogue must be our goal," he concluded.

For more information, please visit the OAS Website at www.oas.org.

Reference: FNE-16063