Rethinking Mexico

Development in Mexico has largely stalled for the past decade, but there are hopes that its fortunes can be revived (p. 17). Mexico’s GDP has averaged 2.8%/year in the last 15 years, hurt by persistent failure to enact fiscal and energy policy reforms. A daunting bureaucracy, low productivity, and the spike in violence linked to narcotics trafficking over the past five years have hampered Mexico’s growth. Domestic and global shifts, however, may lift prospects for the chemical sector. Inside Mexico, Ethylene XXI is finally advancing, the culmination...

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