Mexico Misallocated
Economic growth in Mexico presents a puzzle. Mexico has followed many of the standard recommendations that are said to support economic growth.
Blogs & Op-Eds
Why has an economy that has done so many things right failed to grow fast? Under-Rewarded Efforts traces Mexico’s disappointing growth to flawed microeconomic policies that have suppressed productivity growth and nullified the expected benefits of the country’s reform efforts. Fast growth will not occur doing more of the same or focusing on issues that may be key bottlenecks to productivity growth elsewhere, but not in Mexico. It will only result from inclusive institutions that effectively protect workers against risks, redistribute towards those in need, and simultaneously align entrepreneurs’ and workers’ incentives to raise productivity.
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News
Why Mexico has not become more prosperous—and how it could / The Economist
So what went wrong? In a groundbreaking book* Santiago Levy, the outgoing policy chief at the Inter-American Development Bank, argues that ...
Mexico's economy struggles to reap rewards of good behaviour / Financial Times
... expressed as a share of GDP, as those in sub-Saharan Africa, said Santiago Levy, a senior official at the Inter-American Development Bank.
Los impuestos en México tienen que aumentar y rebalancearse / El País
El economista, ex alto cargo del Gobierno mexicano, cree que la exitosa inserción del país norteamericano en el comercio global no ha podido contrarrestar "fuerzas internas negativas como el régimen laboral o fiscal"
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Meet the Author
Santiago Levy Algazi
Mexican economist Santiago Levy Algazi became the Vice President for Sector and Knowledge on March 1, 2008. From August 2007 to February 2008, he served as General Manager and Chief Economist for the IDB Research Department.