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.
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After recording one of the strongest rates of growth in the OECD area (3.7%), economic growth in Mexico slowed down to 1.3% in 2013, and unemployment increased by 0.1 points (to 5.0% in Q2 2014). GDP growth is expected to return to rates of over 3% in 2014 and 2015, and unemployment is expected to decrease from 5.0% to 4.5% in Q4 2014.
Informality has important implications for productivity, economic growth, and the inequality of income. In recent years, the extent of informal employment has increased in many of Mexico's states, though highly heterogeneously.
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Mexico has experienced a stronger economic recovery than most other OECD countries accompanied by strong employment growth.
More than ever promoting the creation of sufficient quality jobs for the many unemployed and under-employed, including many youth, is the key policy priority for all G20 countries said A. Gurría, OECD Secretary-General.
All our established certainties about the economy and how best to regulate it have been shaken to the core by the Great Recession. It is forcing a radical rethink about our underlying economic models and how appropriate they are in the current context, said the OECD Secretary-General.
The OECD, in collaboration with the ILO, has prepared a series of reports to support the Ministers’ discussions at the G20 Labour and Employment Ministerial meeting in Guadalajara on 17-18 May, 2012.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
This report examines the relationship between SMEs' management of intellectual assets, innovation and competitiveness.