Mexico: A Comprehensive Development Agenda for the New Era by Lafourcade Oliver, Nguyen Vinh H., Marcelo M. Giugale

By Lafourcade Oliver, Nguyen Vinh H., Marcelo M. Giugale

This e-book is a compendium of Mexico's improvement method, person who acknowledges its accomplished and multi-faceted nature. It specializes in 5 overarching topics together with economic sustainability, progress and competitiveness, poverty and inequality, sustainable destiny, and reliable govt.

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Additional info for Mexico: A Comprehensive Development Agenda for the New Era (Directions in Development)

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Today, with the country already integrated in, and enjoying the benefits of, the global economy and, in particular NAFTA, long-term growth acceleration will be sustainable only if it is achieved through enhanced competitiveness in foreign markets. A large array of factors contribute to a country’s competitiveness, and policymaking should concentrate on those that, for the country in question, carry the largest marginal enhancement. This section focuses on the three such factors which, at present, most hamper Mexico’s competitiveness—a weak financial sector, poor infrastructure, and low productivity in agriculture.

Much of the reason for the limited sector decentralization has to do with the overall fiscal framework faced by states and municipalities, where the definition of responsibilities is still unclear and the incentives for local taxation or application of user charges are weak (the general problems of the decentralization process are addressed later). Building an Efficient, Accountable, and Transparent Government The task of putting the Mexican economy on a sustainable, rapid, poverty-reducing, environmentally-balanced growth path will have to be carried out within a new framework for governing.

Implementing those recommendations will prove an overwhelming task for any government, making prioritization critical. Therefore, the analysis presented below carries an implicit structure of priorities. The reader will also have to keep in mind the following limitations. First, there are no singular answers in development. What is contained in these chapters is the result of years of experience of Bank staff in Mexico, augmented by what they have learned elsewhere in the world. As is always the case, there is ample room to strategize—and disagree—about what interventions will work best and, as importantly (if not more so), how.

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