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 its markets, privatized state companies, joined NAFTA, and became a poster child for free-market reforms. Yet, for 30 years, its economy barely grew. Why? This deep dive, based on economist Gordon H. Hanson's research, reveals the uncomfortable reality. We break down the four hidden killers of Mexico's prosperity: a broken credit system that starves small businesses, a social policy that actually rewards low-productivity work, monopolies that make electricity and internet insanely expensive, and the brutal competition from China. But here's the twist: the biggest problems aren't external. They're homegrown. And fixing them is harder than you think. Watch to understand why Mexico's poverty isn't a mystery—it's a policy failure.
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