Santiago.- The industrialist Manuel Estrella yesterday proposed dealing with five obstacles to launch a fourth big wave for the industrial sector’s development: the electrical problem, access to financing the sector’s integration, labor reform and to refocus education towards basic sciences.

He said throughout the years the country has had lights and shadows, with authorities which instill confidence, macroeconomic stability, advance of the feminine sector, but with expensive and inefficient electricity which hinders the economy’s competitiveness.

The business leader cited as an obstacle the lack of competitive financing for companies, with shades of a autocratic, inefficient, capricious and arbitrary bureaucracy which stymies and discourages investments.

Speaking in the conference “Perspective of the North region industrial sector” to mark AIREN’s 25th anniversary with president Leonel Fernandez present, Estrella called the poor education another shadow, with a mostly semi-illiterate population, without technical training in leading edge technology and incapable of qualifying even for menial labor in modern companies.

He said the increasing crime wave has dominated the interior and the cities and has placed the judicial system and police in check, and scares away capital and discourage investments, adding that the Labor Code needs another amendment

In the event held in the hotel Gran Almirante, Estrella said he supports the Free Zone business leader Felix Garcia’s proposal to build with mixed capital in Santiago, a 200 megawatt power plant and which can reach 500 MW.