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.
As in other countries, in Mexico income, education, health, job status and other individual characteristics are significantly associated with life satisfaction. These findings suggest that the higher average level of life satisfaction in Mexico is probably related to unobserved country characteristics.
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.
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This country note from Going for Growth 2015 for Mexico identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Mexico now has the chance to dramatically boost growth rates and resume convergence of its living standards towards those of advanced economies, reduce pervasive labour market informality and drive down high rates of poverty and income inequality.
Quiero abrir con un reconocimiento al Gobierno de México por haber impulsado el paquete de reformas estructurales más extenso y ambicioso que hemos registrado en tiempos recientes. Después de muchos años de parálisis reformadora, en tan sólo dos años México se convirtió en el país con la actividad de reformas más alta de los 34 países de la OCDE.
Es un placer estar aquí para presentar el informe de la OCDE sobre las prácticas de contratación pública de la Comisión Federal de Electricidad (CFE). Este informe ha sido elaborado en colaboración con la Comisión Federal de Competencia Económica (CFCE) y el Instituto Mexicano para la Competitividad (IMCO), a quienes agradezco su apoyo y sus contribuciones.
Mr. Angel Gurría, Secretary-General of the OECD, was in Mexico from 6 to 9 January 2015 on an official visit, to present the OECD 2015 Economic Survey of Mexico alongside Mr. Luis Videgaray, Minister of Finance of Mexico.
Following several years of modest growth, Mexico needs to adapt to new sources of growth to continue catching up with advanced economies.
Mexico demonstrated good resilience during the crisis, with growth in GDP per capita stronger over the 2006-2011 period than the earlier 5-year period.