Economics & Finance / Macroeconomics / Economic Development & Transition
Why Isn't Mexico Rich? The Shocking Truth Behind 30 Years of Failed Reforms
Mexico did everything right: opened trade, balanced budgets, privatized state firms, joined NAFTA and the OECD. Yet, from 1985 to 2008, its per capita GDP grew only 1.1% annually—worse than most developing nations except Venezuela. Why? This video breaks down the four hidden killers: a broken credit system where small businesses can't get loans despite 20-32% monthly returns; a dual social policy that punishes formal jobs and rewards low-productivity informal work; monopolies in telecom and power that make costs sky-high; and the China shock that stole its export edge. Based on Gordon H. Hanson's research, we expose why Mexico's reforms backfired and what it means for any country chasing growth. Watch to see why 'doing the right thing' isn't enough.
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