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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

September 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



Claudio Loser

Claudio M. Loser is CEO and President of Centennial Latin America, and is Advisor for the Emerging Markets Forum. Loser is also a Senior Fellow at the Inter-American Dialogue. Since 2005 he has been an adjunct professor of Economics (Latin American Economic Development) at George Washington University, and has lectured at the Foreign Service Institute of the US Department of State. For thirty years and until November 2002, he was a staff member of the International Monetary Fund. During the last eight years of his tenure he was Director of the Western Hemisphere Department at the IMF. He graduated from the University of Cuyo in Argentina... More About Author

Jose Fajgenbaum

José Fajgenbaum is the Director of Centennial Group, Latin America. He co-authored “The New Resilience Of Emerging Countries: Weathering the Recent Crisis in the Global Economy” and has cooperated extensively with the Japanese International Cooperation Agency (JICA). Previously, he served at the International Monetary Fund for some 30 years, progressing from economist to Deputy Director in three departments: African, European, and Western Hemisphere. Key roles included leading missions to countries, such as Brazil, Israel, Peru, Russia, and South Africa. Before joining the IMF, he served as an economist/lecturer in the Economic Development... More About Author

Harinder S. Kohli

Harinder S. Kohli is the Founding Director and Chief Executive of the Emerging Markets Forum as well as Founding Director, President, and CEO of Centennial Group International, both based in Washington, DC. He is the Editor of Global Journal of Emerging Markets Economies. Prior to starting his current ventures, he served over 25 years in various senior managerial positions at the World Bank. He has written extensively on the emergence of Asia, Latin America, Africa, and other emerging market economies, financial development, private capital flows, and infrastructure. He is an author and co-editor of India 2039: An Affluent Society in One... More About Author

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ISBN: 9788132110040