|We are pleased to share with you the results of the seventh edition of the PricewaterhouseCoopers South America CEO Survey, in connection with the 13th edition of the PricewaterhouseCoopers Global CEO Survey. If we were to select one aspect arising from the current survey, which we believe deserves the highest degree of attention on the part of those stakeholders, for whom the advance of progress and welfare in the region is of vital concern, we would single out the roles of the State and the respective Governments.
During the many years of the CEO Survey - South America, we have stood witness as Governments faced significant challenges, many of which they successfully overcame, such as: control of inflation, improved fiscal responsibility, improved income distribution, with the consequent inclusion of an ever increasing part of the population in the consumer market, increase in foreign currency reserves, and corresponding reduction in countries historic vulnerability to external crises. This enabled them to successfully manage the shock waves of the recent global financial crisis. There is no doubt that South America has made significant progress on several fronts and that Government played a vital role in this process.
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