MICHAEL PORTER (Gurú mundial de la competitividad)

Summary

In this engaging conversation, Professor Michael Porter discusses Peru's economic future with a focus on the country's growth, challenges, and role in the global economy. He emphasizes the importance of combining social development with economic competitiveness, highlighting the potential for Peru to diversify its economy. Porter stresses the need for businesses to take on a broader social responsibility, citing examples like Innova Schools and mining companies implementing shared value models. He remains optimistic about the potential collaboration between the government and business sectors to drive progress, despite the uncertainties and challenges facing the nation.

Takeaways

• 😀 Professor Michael Porter expresses optimism about Peru's future role in the global economy, citing progress in macroeconomic policy and growth over the last decade.
• 😀 Porter sees Peru as a potential winner in the global economy, but believes the country needs to diversify its economy away from resource sectors for sustainable growth.
• 😀 Porter highlights President Humala's genuine interest in learning about economic development and notes that his presidency marks an important transition for Peru's economy.
• 😀 Despite concerns about global economic slowdown, Porter is not overly worried, believing the current downturn is a 'slowdown' rather than a full-blown crisis.
• 😀 Porter emphasizes the importance of the government's role in creating an enabling environment for private sector growth, rather than directly managing the economy.
• 😀 Porter advocates for a collaborative approach between business and government, especially in developing shared value strategies that benefit both the economy and society.
• 😀 He believes business must contribute to social development, citing examples where companies are addressing issues like education and healthcare while generating profit.
• 😀 Porter explains that the relationship between business and society is evolving, with companies increasingly recognizing the need for a healthy society to foster business growth.
• 😀 He acknowledges the historical mistrust of business in Peru due to past practices but expresses hope that businesses are now recognizing their broader societal responsibilities.
• 😀 Porter discusses mining in Peru, highlighting how the best mining companies are adopting more responsible practices, such as improving local communities and minimizing environmental impacts.

Q & A

What was the nature of Michael Porter's discussion with President Humala?

Michael Porter met with President Humala for the second time, discussing topics related to the global economy as well as Peru's economic situation. Porter noted that President Humala was attentive, asked insightful questions, and showed a genuine interest in learning about economic issues.

How does Michael Porter view the current global economic situation?

Michael Porter does not view the current global economic situation as a crisis but rather as a slowdown. He believes the restructuring in the US is unlikely to be repeated, but Europe is a significant drag on the world economy due to its financial imbalances and unsustainable debt system.

What is Michael Porter's opinion on Peru's economic prospects?

Porter is optimistic about Peru's future, citing significant progress in the past decade in macroeconomic policy and growth. He suggests that Peru can continue growing if it diversifies its economy, improves education, and focuses on microeconomic foundations.

What challenges does Peru face in achieving sustainable economic growth?

One of the main challenges Peru faces is its heavy dependence on resource sectors. While these sectors will continue to be important, the economy must diversify further and improve in areas such as education, business costs, and competitiveness.

How does Michael Porter view the relationship between business and social development in Peru?

Porter believes that business and social development are not separate, but complementary. He emphasizes that a healthy society is necessary for a healthy business environment, as businesses cannot thrive in impoverished, unhealthy communities. He advocates for business involvement in addressing social issues like education, nutrition, and health.

What role do businesses play in social inclusion according to Michael Porter?

Porter argues that businesses can play a vital role in social inclusion by addressing issues such as education, health, and the environment. He gives the example of companies like Innova Schools, which improve education through a business model that also addresses social challenges.

What is 'shared value' and how does it apply to businesses in Peru?

Shared value is a concept where businesses create economic profit while also addressing important social problems. Porter highlights that companies are starting to recognize that improving social conditions can enhance business performance, such as through partnerships with local communities or developing local supply chains.

How can the mining sector contribute to shared value in Peru?

Porter suggests that mining companies in Peru, such as Newmont, are beginning to adopt shared value strategies by developing local businesses to supply services to mines. This creates jobs and economic opportunities in mining communities, improving local economies and reducing environmental impact.

What role does the government play in promoting shared value among businesses?

Porter believes that the government should not direct the economy but should create an enabling environment for businesses to thrive. This includes investing in infrastructure and providing incentives that allow businesses to create shared value, such as improving connectivity for small farmers or developing local industries.

How does Michael Porter assess the current relationship between the Peruvian government and the private sector?

Porter views the relationship between the Peruvian government and the private sector as still developing. While the government is committed to social development, it is still learning how to engage effectively with businesses. He expresses optimism that, with patience and collaboration, the government and businesses can work together to improve Peru's economy.