My sense is that cartel control would be one of the greatest stimulators that the country could reasonably deploy. External investment is a two way street and one needs to be careful not to get ripped off. Evaluating the currency there as Trump did in the USA effectively misappropriates the difference from everyone who has assets measured in that currency which in my opinion is criminal.

SDV. You raise great points, but I think it’s not simply a matter of “affording to be”, but also “knowing how to be”.

Such financial incentives should also come with an educational component so that new business owners can learn–as approriate–basic concepts of accounting, inventory management, marketing, customer satisfaction, partnering, value add, etc.

In my city, for example, only giant companies like Chedraui can afford the increasing minimum wages and hefty taxes (both old and new) both for employees and for the businesses themselves. I think a lot of these smaller businesses would like to be “official” — they just can’t afford to be.

If socialist, Marxist and communist understood economics they would be Republicans!

As for oil and gas, it is a no-brainer to sell concessisons to the big players and retain royalty payments. Mexico could be the second largest gas exporter in the world within five years if this were to occur.

If only Morena could put together one fully functioning brain with the power to make these changes happen.

I agree with the above. Nominal GDP is a very blunt measure which includes many transactions which contribute nothing to growth or to the well being of the people in that country. Economic policy must be clear as to its desired goals. Mindless pursuit of growth, of profit, of wealth may boost GDP while growing poverty and even misery. Privatizing benefits once considered “the commons” increases GDP. Fresh water, wild spaces, etc. Privatizing public utilities has been a disaster in many countries, but pricier tickets ‘grow’ economies. Companies want scarcity and if possible, monopolies. Mexico is headed in the right direction, whatever the numbers. Is it sustainable? Hopefully we’re all around to find out.

Close to the USA that’s why