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Enrique de la Madrid Cordero analyses Mexico's economic growth over the last three decades and the historic opportunity for eliminating its barriers to growth and aspiring to becoming a developed country.
Foreword by Luis Videgaray Caso.
"Mexico is blessed with a wealth of strengths and comparative advantages, placing it among the countries with the highest growth potential in the twenty-first century. Furthermore, this country has achieved a series of fundamental goals over the years, clearly shown by indicators on education, health, employment, housing and infrastructure, to name only a few.
However, despite its strengths and achievements, Mexico's economic growth over the last three decades has been inconsistent and unspectacular; especially considering its potential and the need to end the poverty lived by almost half of all Mexicans.
Three elements have caused Mexico's low economic growth: a lack of financial penetration, a shortfall in economic competition and low productivity. These elements have also led to the country's inadequate and unequal distribution of wealth.
Today, a favorable international context and a process of profound internal reforms promoted by President Enrique Peña Nieto within the "Pacto por México", Mexico is on the brink of a historic opportunity for eliminating its barriers to growth and aspiring to becoming a developed country within this generation."
Enrique de la Madrid
Biografía del autor
Enrique De La Madrid Cordero is a lawyer from the Universidad Nacional Autónoma de México. He holds a Master of Public Administration from Harvard University. He has served as a public official, in positions such as the Technical Coordinator of the Presidency of the National Banking and Securities Commission (CNBV), Federal Deputy in 2000-2003 and CEO of Financiera Rural, the government's development agency in charge of the Mexican rural sector. In the private sector he founded Fincor, a company dedicated to financial advice; he was Executive Chairman of the Mexican Council of the Consumer Products Industry (ConMexico) and HSBC's Executive Director of Institutional Relations and Corporate Communications for Mexico and Latin America. He is currently Chairman of Bancomext (Mexico's National Foreign Trade Bank). De la Madrid has been a columnist for national newspapers such as Reforma, Milenio, Organización Editorial Mexicana and currently has a biweekly participation in El Universal. He participates weekly in Leonardo Curzio's news radio program.
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