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LatinNews Regional Monitor: Mexico - 20 March 2018

In brief: Mexico

* The Organisation for Economic Co-operation and Development (OECD) has released its ‘Going for Growth 2018’ report, in which it recommends Mexico reduce its barriers to foreign direct investment (FDI) in order to increase productivity and its domestic economic growth rate. The OECD report analyses the policies and economic performance for the G-20 group of industrialised countries to recommend economic reforms that could help improve their economic performance. According to the report, Mexico has a low GDP per capita compared to other G-20 countries, as well as low labour productivity and a low economic growth rate; this is partially due to the high rate of inequality and poverty. The OECD recommends that Mexico should allow more growth in FDI for sectors like transport and banking by reducing entry regulations for new companies and implementing policies that encourage innovation. Other recommendations include improvement of education through an increase in teacher training and legal reforms to combat corruption. The report also urges Mexico to follow through with its recent structural economic reforms, in particular the 2012-2013 education reform.

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