Mexico Systematic Country Diagnostic
The development process in Mexico has been partly framed by a set of defining characteristics as well as by significant economic reforms during recent decades. The country has established a strong track record of prudent macroeconomic policies. The...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/588351544812277321/Mexico-Systematic-Country-Diagnostic http://hdl.handle.net/10986/31130 |
| Summary: | The development process in Mexico has
been partly framed by a set of defining characteristics as
well as by significant economic reforms during recent
decades. The country has established a strong track record
of prudent macroeconomic policies. The Central Bank and the
Ministry of Finance have delivered stable and sustainable
monetary and fiscal policies, and garnered high credibility
in international markets. Successive governments have
implemented a broad set of reforms that have opened the
economy to trade and liberalized domestic markets. In the
social sectors, Mexico has led the way among emerging and
developing economies in reshaping social protection, health
care, and education policies. These reforms have helped
transform the country over the last 30 years. Aside from
reforms and policies that have improved outcomes, Mexico
has, at least, three key defining characteristics: (1) a
privileged geography, (2) abundant natural capital, and (3)
a democracy that has allowed the emergence of more political
parties over the last 20 years. These factors have each
partly shaped the country’s development and delivered
significant economic and social outcomes. Yet, the question
remains: how can Mexico grow more rapidly and become more
inclusive along its development path? These are the central
issues covered in this systematic country diagnostic (SCD). |
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