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Bringing together nearly 400 senior executives and economists, the bank company BCI and the Division of Economiand Finance Bank, which conducted the first economic forum entitled “Challenging the Paradigm, facing the recovery,” which was attended by 2001 Nobel Prize for Economics Joseph Stiglitz and the Chairman of the Central Bank, Rodrigo Vergara.

Nobel Prize praised the economic policies that have followed Chile in recent years and highlighted management of state taxation, which in his view, has made the national economy in a privileged position.

For this, Stiglitz said that Chile, emerging countries as well, highlighted by a financial system that is very well regulated and strong public finances axis, which in his opinion has become one of the best ways to overcome the crisis, as has been seen in the case of Asian countries, which continues to grow.

“Asia can sustain current growth rates thanks to a good financial system, that Asia has been very active,” he added.

According to a professor from Columbia University and a Ph.D. Economics from MIT, is now the world is divided into several groups, in which Europe and the U.S. is very weak and developing countries are the backbone of the global recovery. With this background, Latin America in his opinion “the middle ground.”

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