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A New Vision for Mexico 2042

A New Vision for Mexico 2042
Achieving Prosperity for All

First Edition
Edited by:
  • Claudio Loser - President, Centennial Group Latin America; Former Director, Western Hemisphere, International Monetary Fund (IMF), USA
  • Jose Fajgenbaum - Centennial Group, Latin America
  • Harinder S. Kohli - Emerging Markets Forum

November 2012 | 352 pages | SAGE India
Mexico is at a critical juncture. The next administration will assume power at a particularly crucial time in Mexico's economic and social development. Its priorities and actions will have a decisive impact on the country's long-term economic, social, and even, political trajectory. If the political paralysis that has prevented the last two administrations from tackling Mexico's fundamental economic problems continues for another six years, the country may slide from its current low-growth equilibrium into a vicious cycle of economic stagnation, and subsequently dash the peoples' hopes, further erode the government's credibility, and worsen the law and order situation. By contrast, if the new administration embraces a well-balanced reform agenda and adopts a package of bold initiatives early in its term, it could once again unleash Mexico's vast potential and build the foundations of a more prosperous, safer and dynamic society.

A New Vision for Mexico 2042 identifies the priority issues that could influence Mexico's long-term economic trajectory, and outlines a balanced action program necessary to effectively address these issues. It includes reforms and actions that would simultaneously achieve much higher and more inclusive growth, and thus would restore the sense of pride and optimism among Mexicans that has been eroding in recent years. The issues discussed are ofsuch importance that the legacy of the next Presidency could well be determined by the administration's willingness and ability to implement the agenda outlined in this book.



Hector Aguilar Camin
Executive Summary


A Historical Perspective

Claudio M Loser, José Fajgenbaum, Drew Arnold, and Y Aaron Szyf
A Framework for Economic Revival and Sustained Prosperity

Claudio M Loser and José Fajgenbaum
Specific Proposals for a Prosperous Mexico in 2042

Claudio M Loser and José Fajgenbaum
Alternative Scenarios for Sustained Growth

Harpaul Alberto Kohli
Summary Conclusions

Mexico and the World-Policy Complacency After Years of Disappointing Growth

Claudio M Loser, Drew Arnold, and Y Aaron Szyf
Growth and Adjustment Model-Assessing Mexico's Path to a Sustainable Future

Claudio M Loser, Harpaul Alberto Kohli, and Y Aaron Szyf
Education-Breaking the Constraints

Jeffrey M Puryear, Lucrecia Santibañez, and Alexandra Solano Rocha
Energy Policies-Finding the Path for Sustainable Growth

Roberto Newell García
Financial System-Supporting Mexico's Long-term Viability

Hervé Ferhani
Competition in Mexico-Paving the Way for Efficiency

Manuel Molano
Poverty and Equality-Attaining Inclusive Growth

Mahmood Ayub
Macroeconomic Management-Implementing Responsible Fiscal and Monetary Policies

José Fajgenbaum
Good Governance-Fiscal Federalism and Sub-national Accountability

Juan E Pardinas
Criminal Violence-Crisis, Response, and Long-term Prospects

Alejandro Hope
International Relations-Mexico and its Status in the Global Economy

Carlos Malamud



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ISBN: 9788132110040