The Economic Opportunity Mexico Can’t Afford to Miss
The Economic Opportunity Mexico Can’t Afford to Miss
Mexico stands to capitalize on the nearshoring trend, but it will need to cooperate better with the private sector.
The coronavirus pandemic is threatening to deal Mexico the heaviest blow in its modern economic history With job losses from March to May triple the number of job gains during all of 2019, the gross domestic product could contract by as much as 9% this year Paradoxically, the same affliction has offered Mexico rare potential to expand its economic role in the region as North American trade and production are increasingly brought closer to home But unless it changes domestic policies fast, Mexico risks squandering this opportunity To be sure, Mexico had started to benefit from the renewed...
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