Responding to the implementation of sweeping energy reforms at the federal level, Nuevo León undertook to create an energy cluster to ensure intra- and inter-sector coordination, address emerging challenges and take advantage of upcoming investment opportunities.
Manufacturing has been a primary growth driver in Nuevo León for a long time. However, the sector has lately been experiencing a slight slowdown, as illustrated by the decline of its share in state GDP from 24.84% in 2014 to 23.17% in 2015, resulting in part from less robust demand from the US and subsequently lower exports.
Having been plagued by chronic high inflation and periodic crisis until the mid-1990s, Mexico turned to economic liberalisation in the wake of the 1994-95 “Tequila crisis”. Among the important reforms was the granting of independence to the central bank, Banco de México (Banxico), in the operation of monetary policy, along with a clear mandate...
How have Mexico’s structural reforms aided the internationalisation of local companies?
Since the mid-1990s, Mexico has undergone a remarkable structural transformation. From being relatively closed and heavily dependent on oil exports to drive growth and accrue foreign currency, the country has progressively liberalised and integrated into regional and global value chains. At the same time, oil production has been in long-term...
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