Overview
- Speaking via video at CAF’s Foro Económico Internacional in Panama, Aghion cited Argentina as a case moving to remove bureaucratic barriers.
- He said the Milei administration’s push against corruption and heavy regulation is making entrepreneurship and innovation more viable.
- Aghion expressed hope that Argentina could exit the middle‑income trap if these changes are sustained.
- He outlined prerequisites for innovation‑led growth that include macroeconomic stability, strong education, clear property rights, competition policy, and access to finance and venture capital.
- He warned that vested corporate interests and lobbying can block new entrants and urged action to keep markets open to competition.