Mexico, the Middle-Income Trap and the Trap and the Structural Reforms
Abstract This paper aims to evaluate the adequacy of three of the recently established structural reforms in Mexico following the middle-income trap approach. A working definition and specific assessment guidelines lead the analysis to give a comprehensive assessment. Following the working definition, Mexico seems to be stuck in the middle-income trap. The findings show that the structural reforms undertaken by the Mexican government are moving towards the correct direction to boost growth and overcome the trap. Nonetheless, according to the literature recommendations, the Government seems to take a modest approach to tackle the trap. Proactive government participation is needed to upgrade the economic structure and promote a stronger collaboration between actors for a successful structural change.
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| Format: | Digital revista |
| Language: | English |
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Benemérita Universidad Autónoma de Puebla, Facultad de Derecho y Ciencias Sociales
2019
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| Online Access: | http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S1870-69162019000100050 |
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| Summary: | Abstract This paper aims to evaluate the adequacy of three of the recently established structural reforms in Mexico following the middle-income trap approach. A working definition and specific assessment guidelines lead the analysis to give a comprehensive assessment. Following the working definition, Mexico seems to be stuck in the middle-income trap. The findings show that the structural reforms undertaken by the Mexican government are moving towards the correct direction to boost growth and overcome the trap. Nonetheless, according to the literature recommendations, the Government seems to take a modest approach to tackle the trap. Proactive government participation is needed to upgrade the economic structure and promote a stronger collaboration between actors for a successful structural change. |
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