There is growing interest across Mexico in innovation and entrepreneurship, and in how they can contribute to raising the country’s levels of productivity, employment and economic growth. However, a review of what is happening in the country in this important space must be undertaken in two parts. The first involves the acknowledgment that as...
Depending on the measurement used, Mexico is either the 13th- or 14th-largest economy in the world, and it also among the most liberalised economies in Latin America. Over the 2000-10 period, the country has seen a rapid expansion of the middle class, with 17% of the population, or 20m people, achieving this status. By size of population and...
Operating with comparatively high capital reserve levels, Mexico has a strong and profitable banking system. Both the commercial banks and the regulatory authorities have a prudent and conservative outlook on the way the sector is run. The banking system has enjoyed two decades of growth and stability. This cautious culture is a lasting and...
In addition to being the second-largest economy and second-most-populous country in Latin America, Mexico is geographically and culturally diverse. The country boasts more than 11,100 km of coastline and diverse terrain ranging from desert to mountains to rainforests, as well as a rich cultural heritage that includes numerous well-preserved...
Redefining Mexico’s position in the world, notably by strengthening ties with the Asia-Pacific region, is one of the overarching goals of President Enrique Peña Nieto’s key structural reforms to transform the country into a modern, competitive economy. In order to increase its trade capacity in the region, Mexico became a party to the Trans-...
A raft of structural reforms, aimed at improving competition and efficiency, is being implemented in Mexico in an effort to boost the economy. The impact of these reforms – 11 in total – is expected to be felt increasingly across a number of economic sectors, especially in energy, telecoms and financial services, with taxation, transparency,...
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