Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis:
While Mexico's growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets. The recent significant reductions in import tariffs should help the economy take fuller advantage of trade and invest...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.733 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | While Mexico's growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets. The recent significant reductions in import tariffs should help the economy take fuller advantage of trade and investment integration, which could be a relative strength for Mexico given its geographic location. Reforms introduced in the past two years, including those to promote competition and transparency in the financial sector and, to a lesser extent in telecommunications, will also stimulate the dynamism of the economy. Despite this progress, further reforms are needed to boost overall and within-sector productivity. Relative weaknesses in education, infrastructure, financial development, the rule of law, as well as a lack of competition come out in various studies as explaining why Mexico has not grown as fast as other countries. Focusing attention now on reforms in areas with rapid pay-offs such as improving competitiveness and infrastructure could yield double benefits in supporting the recovery from the current recession and longer-term growth. This can be achieved by increasing competition, especially in network industries, liberalizing further the foreign investment and trade regimes, and improving education coverage and trade-related infrastructure. |
| Beschreibung: | 1 Online-Ressource (42 p.) 21 x 29.7cm. |
| DOI: | 10.1787/220704620333 |
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| spelling | Haugh, David VerfasserIn aut Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis David, Haugh and Agustin, Redonda = Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la sortie de crise / David, Haugh et Agustin, Redonda Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la sortie de crise Paris OECD Publishing 2009 1 Online-Ressource (42 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.733 While Mexico's growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets. The recent significant reductions in import tariffs should help the economy take fuller advantage of trade and investment integration, which could be a relative strength for Mexico given its geographic location. Reforms introduced in the past two years, including those to promote competition and transparency in the financial sector and, to a lesser extent in telecommunications, will also stimulate the dynamism of the economy. Despite this progress, further reforms are needed to boost overall and within-sector productivity. Relative weaknesses in education, infrastructure, financial development, the rule of law, as well as a lack of competition come out in various studies as explaining why Mexico has not grown as fast as other countries. Focusing attention now on reforms in areas with rapid pay-offs such as improving competitiveness and infrastructure could yield double benefits in supporting the recovery from the current recession and longer-term growth. This can be achieved by increasing competition, especially in network industries, liberalizing further the foreign investment and trade regimes, and improving education coverage and trade-related infrastructure. Development Mexico Redonda, Agustin MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/220704620333 Volltext |
| spellingShingle | Haugh, David Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis Development Mexico |
| title | Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis |
| title_alt | Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la sortie de crise |
| title_auth | Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis |
| title_exact_search | Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis |
| title_full | Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis David, Haugh and Agustin, Redonda = Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la sortie de crise / David, Haugh et Agustin, Redonda |
| title_fullStr | Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis David, Haugh and Agustin, Redonda = Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la sortie de crise / David, Haugh et Agustin, Redonda |
| title_full_unstemmed | Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis David, Haugh and Agustin, Redonda = Pied au plancher : Des réformes structurelles pour dynamiser la croissance à long terme au Mexique et accélérer la sortie de crise / David, Haugh et Agustin, Redonda |
| title_short | Pedal to the Metal: Structural Reforms to Boost Long-Term Growth in Mexico and Spur Recovery from the Crisis |
| title_sort | pedal to the metal structural reforms to boost long term growth in mexico and spur recovery from the crisis |
| topic | Development Mexico |
| topic_facet | Development Mexico |
| url | https://doi.org/10.1787/220704620333 |
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