Tag Archive for lack

Consumer Protection Act

The majority of developing countries have been forced to undertake new programs, changes of structural adjustment which has been accompanied by free trade and investment, economic deregulation and privatization process. Industrial policy was softened and dramatically reduced in its scope and procedures especially in the case of Latin America. Only laws and provisions on industrial protection, standardisation and environmental, as in our case have been strengthened, also remain in effect in its own way the promotion of free competition and Consumer Protection Act. To all this is added, that at the current stage is another fact, as highlights Joseph Ramos, director of the Division of productive and entrepreneurial development of ECLAC, which despite the advance in productivity that has characterized the opening and restructuring, it is important noted that the gap in average productivity between developed countries and Latin America is currently significant (order 2.5 to 1) and widespread (comprising the bulk of the sectors and companies). That is not, however, a few leading companies close to the technological frontier.

Low average productivity is reflected in the use of equipment and antiquated production processes (hard technologies). As well as an inefficient organization of the work, which cannot be denied and is goal of this analysis, where dan confrontational industrial relations, inadequate attention to quality and the needs of a market in continuous evolution (soft technologies). Therefore, it should not surprise us the reality, that there is a percentage of the poor population, given to works in very low productivity with squalid wages and a deteriorating quality of life activities. True, as says it Ramos, this productivity gap is a reflection of our underdevelopment, but at the same time is what would pass a footpath fast growth if attaining leverage available technologies internationally, and thus skip stages, as it has been the experience of the currently underdeveloped countries, of really wanting is them Governments, the business sector and all stakeholders involved in this.