OECD Economic Surveys: Mexico

Frequency :
Every 18 months
ISSN :
1999-0723 (online)
ISSN :
1995-3666 (print)
DOI :
10.1787/19990723
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OECD’s periodic surveys of the Mexican economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

Also available in: French
 
OECD Economic Surveys: Mexico 2015

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Author(s):
OECD
Publication Date :
08 Jan 2015
Pages :
136
ISBN :
9789264065260 (EPUB) ; 9789264226746 (PDF) ; 9789264226753 (print)
DOI :
10.1787/eco_surveys-mex-2015-en

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OECD's 2015 Economic Survey of Mexico examines recent economic developments, prospects and policies. Special chapters boosting growth and reducing informality as well as sharing the fruits of growth.

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    Basic statistics of Mexico, 2013

    This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of Mexico were reviewed by the Committee on 17 November 2014. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 17 December 2014.The Secretariat’s draft report was prepared for the Committee by Sean Dougherty, Eduardo Olaberría and Valery Dugain, under the supervision of Patrick Lenain. Editorial support was provided by Brigitte Beyeler and Nadia Kameleddine. The Survey also benefitted from contributions by Sean Ennis, Octavio Escobar, Natalia Fernández-Vázquez, Ian Forde, Hildegun Nordås, Marissa Plouin and Diana Toledo Figueroa.The previous Survey of Mexico was issued in May 2013.

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    Executive summary
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    • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-surveys-mexico-2015/assessment-and-recommendations_eco_surveys-mex-2015-3-en
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    Assessment and recommendations
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    Follow-up to previous OECD policy recommendations

    This annex reviews recent actions taken on recommendations made in previous Surveys. Recommendations made in the May 2011 and May 2013 Surveys are referenced with the relevant year. Recommendations that are new in this Survey are listed in the main text.

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  • Expand / Collapse Hide / Show all Abstracts Thematic chapters

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      Boosting growth and reducing informality

      Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax system, among many, and implementation has started in earnest. If fully implemented, these reforms could increase annual trend per capita GDP growth by as much as one percentage point over the next ten years, with the energy reforms having the most front-loaded effects. Beyond this, a second wave could go further to tackle other structural bottlenecks. These challenges include reducing stringent regulation – particularly at the local level – and addressing corruption and weak enforcement of legal rights. The justice system is often slow and inefficient. And in the agricultural sector, strict land use restrictions and the structure of subsidies promote inefficiency. Moving even closer towards OECD best practices could increase potential growth by another percentage point annually.

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      Sharing the fruits of growth

      In 2013 the Mexican government embarked on a major reform agenda which, if fully implemented and pushed forward, will help Mexico break out from a recent history of economic stagnation and high levels of poverty and inequality that has hampered the quality of life of its citizens. Indeed, compared with other OECD countries, Mexico performs poorly in indicators that are essential to a good life, often resulting in traps that hinder growth and well-being. The government has introduced major structural reforms to fight poverty, improve the quality of education, create more jobs in the formal sector and move towards a universal social security system. This is a substantial accomplishment. However, Mexico needs to build a more inclusive state. This implies raising more tax revenue (without necessarily increasing tax rates) to expand social protection. It also means promoting an inclusive labour market to reduce informality and increase female labour market participation; inclusive schools to reduce educational gaps; inclusive health systems so that health care quality no longer depends on employment status; and inclusive cities to reduce geographical segregation.

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      Glossary
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