Round table: "New Opportunities to Start a Company in a Globalised World"

30/06/2012

Second day of the 2012 FAES Campus Round table: New Opportunities to Start a Company in a Globalised World Navacerrada (Madrid), 30.06.12.- The round table New Opportunities to Start a Company in a Globalised World has marked the start of the second day of the Economics course of the 2012 FAES Campus The speakers invited to this table have been the chairwoman of the C?rculo de Empresarios, M?nica de Oriol; the regional Finance Minister of Madrid, Percival Manglano; the Western Europe Government Director of Microsoft, El?as Ramos; and the member of the European Parliament for the Partido Popular, Pablo Arias. The table has been chaired by the director of economy and public policies of FAES, Miguel Mar?n. M?nica de Oriol: The stagnation of Spanish economy will only be overcome if we get to produce more and better goods and if we manage to attract investments. The express licence has meant an advance for the opening of retail stores, in spite of certain limitations. We must be more reliable, attractive and flexible or we will be intervened. We should make the right decisions and do it before September. In Spain today we do have entrepreneurs but we still need to create an environment that supports businesses. The final aim in the fiscal field is being more competitive and pay the debts we've acquired in the last six years. Percival Manglano: Madrid is the city with a lower tax burden of all Spanish regions and, at the same time, it also has the lower debt. Public funds are a scarce asset and wealth creation comes from the private sector, therefore we must create the necessary conditions for this sector to generate wealth. In times of crisis the adjustment must come from the way of expenses: when incomes are lower, expenses must be lower too. I'd like to say it's not true that the region of Madrid is planning on re-establishing the inheritance tax. If we had wished to do so we would have included it in a budget amendment Act. Pablo Arias: The single digital market is crucial to make European SMEs compete against the American and Asian technologic giants. The equation here is: SMEs plus internet equals growth plus employment; in the sense that economic growth depends on consumption and that, today, is directly linked to the digital market. Electronic commerce offers and infinity of opportunities. Europe is at the tail of this while it used to lead digital technology seven years ago. Europeans ceased innovating, European SMEs simply fear connecting themselves to the internet, but if each of them created a job we would put an end to unemployment, especially youth unemployment. Thanks to the crisis we now have the opportunity of making the idea of the European single market through the single digital market a reality. El?as Ramos: A good law for entrepreneurs would be one that removes barriers and eases funding. I trust that the one being prepared by the Government will not be limited to a series of subsidies distributed by ideological affinity. The Spanish society's capability for creating and innovating enables it to compete at all levels, however, the reality is that there's only a 0.03% probability that the next Zuckerberg will be Spanish. Without initiative, there's no disruptive innovation. In order to create an enterprising capability it is essential to begin from education and continue with culture. It's impossible for a country to be competitive if 75% of its youths are thinking of becoming civil servants. OPENING: Jos? Mar?a Aznar and Mar?a Dolores de Cospedal First day: Ernesto Zedillo | Juan Rosell | Arthur B. Laffer of the 2012 FAES Campus