Mexico Policy Notes

World Bank

Mexico Policy Notes

Autores

World Bank

Editor

Washington, DC

Descripción

This note presents an overview of Mexico's forthcoming reform agenda-from the World Bank's vantage point. It distills the main messages in the policy notes that make up this compendium. The purpose is not to provide definitive answers to the many policy questions likely to occupy the New Mexican administration, or to provide a comprehensive account of progress to date and policy recommendations. Instead, it is to provide a view of the main challenges facing Mexico in its quest for inclusive and sustainable growth-and to propose feasible policy options to address them. Mexico has achieved remarkable economic and social progress over the past several decades. The country has become an investment grade borrower with solid global standing in capital markets. It is a model of financial and commercial integration and of prudent macroeconomic management. The economic literature offers several explanations for Mexico's low productivity growth. An underdeveloped financial system, labor market rigidities, high informality, scarce skilled labor, regulatory barriers for doing business, and weak innovation and limited market competition are often cited as binding constraints to productivity growth. Mexico faces challenges as it seeks to develop a labor market that protects workers, creates more and better jobs for men and women, and improve their long term standard of living. Finally, a comprehensive system for tracking and monitoring progress and environmental pressures needs to be developed.

Palabras clave

ACCESS TO BANK, ACCOUNTING, ACCOUNTING FRAMEWORK, ACCOUNTING STANDARDS, ADMINISTRATIVE PROCEDURES, ASYMMETRIC INFORMATION, AUCTIONS, BAILOUTS, BANK LOAN, BANKING SECTOR, BANKING SYSTEM, BARRIERS TO COMPETITION, BARRIERS TO ENTRY, BENEFICIARIES, BENEFICIARY, BINDING CONSTRAINT, BUDGETING, CAPITAL MARKET, CAPITAL MARKET DEVELOPMENT, CAPITAL MARKETS, CARBON, CARBON DIOXIDE, CASH PAYMENT, CLIMATE CHANGE, COLLATERAL, COLLATERAL REGISTRATION, COLLATERAL REGISTRIES, COLLATERAL REQUIREMENTS, COMMERCIAL BANK, COMMERCIAL BANK CREDIT, COMMERCIAL BANK LENDING, COMMERCIAL BANKS, COMMON PROPERTY, COMPETITIVE MARKET, CONFLICT OF INTEREST, CONSUMER CREDIT, CONSUMER PROTECTION, CONSUMPTION PATTERNS, CONTRACT ENFORCEMENT, CREDIT BUREAUS, CREDIT COOPERATIVES, CREDIT EXPANSION, CREDIT GUARANTEE, CREDIT GUARANTEES, CREDIT HISTORIES, CREDIT INFORMATION, CREDIT INFORMATION SYSTEM, CREDIT INFORMATION SYSTEMS, CREDIT LINE, CREDIT MARKETS, CREDIT PROGRAMS, CREDIT REPORTING, CREDIT REPORTING SYSTEMS, CREDITOR, CREDITOR RIGHTS, CREDITORS, DEBT, DEBTOR, DEBTORS, DEMOGRAPHIC TRANSITION, DEPOSIT, DEPOSITORS, DEPOSITS, DEVELOPING COUNTRIES, DOMESTIC CREDIT, DOMESTIC MARKET, DOUBLE DIVIDEND, ECONOMIC ACTIVITY, ECONOMIC GROWTH, ECONOMIC VALUE, ECONOMICS, ECONOMISTS, EFFLUENTS, EMERGING MARKET, EMERGING MARKET ECONOMIES, EMERGING MARKETS, EMISSIONS, EMPIRICAL EVIDENCE, ENERGY CONSUMPTION, ENERGY EFFICIENCY, ENVIRONMENTAL, ENVIRONMENTAL DEGRADATION, ENVIRONMENTAL PERFORMANCE, ENVIRONMENTS, EQUIPMENT, EQUITY MARKETS, EXPENDITURE, EXPENDITURES, EXTERNALITIES, FEDERAL BUDGET, FINANCIAL ASSETS, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL INFRASTRUCTURE, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL SAVINGS, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL STABILITY, FINANCIAL SYSTEM, FISCAL BURDEN, FISCAL DISCIPLINE, FISCAL POLICY, FORESTRY, FRAUD, GLOBALIZATION, GOVERNMENT BONDS, GOVERNMENT POLICIES, GOVERNMENT SPENDING, HUMAN CAPITAL, HUMAN DEVELOPMENT, INCOME GROWTH, INCOME INEQUALITY, INCOME LEVELS, INCOME SECURITIES, INCOME TAX, INCOME TAXES, INFORMATION SYSTEM, INFORMATION TECHNOLOGIES, INSTITUTIONAL INVESTORS, INSURANCE, INTERMEDIATE GOODS, INTERNATIONAL BANK, INTERNATIONAL FINANCE, INTERNATIONAL STANDARDS, INVESTMENT GRADE BORROWER, LABOR COSTS, LABOR FORCE, LABOR MARKET, LABOR MARKET FAILURES, LABOR MARKETS, LABOR PRODUCTIVITY, LAND USE, LEGAL FRAMEWORK, LEGAL IMPEDIMENT, LENDERS, LEVY, LIABILITY, LIQUIDATION, LOAN AMOUNT, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MARKET COMPETITION, MARKET CONDITIONS, MARKET ECONOMIES, MARKET EFFICIENCY, MARKET FOR GOVERNMENT DEBT, MARKET REFORM, MATURITIES, MATURITY, MATURITY TRANSFORMATION, MOBILE PHONE, MOBILE PHONES, MONETARY FUND, MORTGAGE, MORTGAGE LOAN, MOVABLE ASSETS, MUTUAL FUNDS, NATURAL DISASTERS, NATURAL RESOURCES, NEGATIVE EXTERNALITIES, NOTARY, OIL, OIL RESERVES, OLD-AGE INCOME, PAYMENT SERVICES, PAYMENT SYSTEMS, PENSION, PENSION FUNDS, PENSION SYSTEM, PENSIONS, POLICY RESPONSES, POLITICAL ECONOMY, POLLUTION, POPULATION GROWTH, PRIVATE BOND, PRIVATE INVESTMENT, PRODUCTIVE INVESTMENTS, PRODUCTIVITY GROWTH, PUBLIC DEBT, PUBLIC DEBT MANAGEMENT, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCES, PUBLIC GOODS, PUBLIC SPENDING, PURCHASING POWER, REAL WAGES, REGISTRATION SYSTEM, REGISTRY SYSTEMS, REGULATORY BARRIERS, REGULATORY CONSTRAINTS, RESOURCE ALLOCATION, RESOURCE MANAGEMENT, RISK MANAGEMENT, SAFETY NETS, SECURITIES, SECURITY INTERESTS, SUSTAINABLE DEVELOPMENT, SUSTAINABLE GROWTH, TAX, TAX COLLECTION, TAX REGIMES, TAX REVENUE, TAX SYSTEM, TECHNOLOGICAL PROGRESS, TELECOMMUNICATIONS, TIMBER, TRADEOFFS, TRANSACTION, TRANSACTION COSTS, TRANSPARENCY, UNEMPLOYMENT, UNSECURED CREDITS, WAGES, WASTE DISPOSAL, WATER POLLUTION, WITHDRAWAL