Regional Economic Growth In Mexico: The 21st Century Economy

Abstract

Regional economics in Mexico is concerned with the spatial allocation of economic activity. It is centered along the analysis within regions and states or metropolitan areas of a country. Mexico as a country is now one of the fastest-growing economies in Latin America and a model of financial and commercial integration. But formidable development and economic growth challenges lie ahead for Mexico in the next quarter century, as it observed the deep contrasts between Mexico's rich and poor states, growing urban centers and destitute rural areas, and between Mexicans rich enough to be considered between the richest men in the world and owning companies that are able to compete with industrialized countries, and those Mexicans for whom the benefits of globalization have not yet materialized. In the coming years, Mexico faces many challenges in order to support economic growth. The economic reforms, including the financial sector reform, labor reform, energy and decentralization, promises to give the country a greater legitimacy, stronger sustainability and a higher rate of economic growth. The present book covers the effects of human capital and research and development on growth and regional convergence in Mexico. It also takes a closer look at institutions and economic growth in Mexico; and also covers trade, economic growth and convergence.