Strategies to Boost Growth in Mexico

A comprehensive approach is required in Mexico to strengthen the internal market and reduce vulnerability to external policies, promoting public spending and economic diversification.


Strategies to Boost Growth in Mexico

Mexico's economic growth is challenged by dependence on private investment and exports, making the implementation of a comprehensive strategy to strengthen the domestic market urgent. To achieve this, a long-term approach is needed that promotes inclusion, innovation, and resilience through coherent public policies.

The Ministry of Finance has proposed a government procurement program as a measure to mitigate the negative effects of international economic uncertainty, which could have quick and targeted impacts. This strategy would require the creation of a team of specialists to assess the effects at the regional level and design programs that support the affected areas.

It is crucial to address the dependence on exports and vulnerability to external changes with an agenda that strengthens the domestic market, diversifies local economies, and promotes productive innovation. The recent protectionist strategy under the Trump administration has highlighted the importance of having a solid and autonomous economic base.

State governments must play a more active role in designing strategies that promote regional development, such as government procurement. It is essential to consider the particularities of each region when designing public policies that promote balanced and fair development throughout the country.

Various entities in Mexico have been particularly affected by changes in the global economic landscape. Among them are Chihuahua, Coahuila, Nuevo León, and Baja California, which represent a significant portion of the country's exports. These areas have shown vulnerabilities to external fluctuations and lack of economic diversification.

Other states, such as Tamaulipas, Guanajuato, Jalisco, Sonora, San Luis Potosí, and State of Mexico, have also experienced negative impacts on their exports. The lack of an alternative development model and dependence on raw materials have revealed the fragility of the current Mexican economic system.

It is necessary to rethink the course of national economic development and design differentiated regional strategies to address the needs of each entity. The implementation of a government procurement program could be an effective measure to boost economic recovery in the affected regions, always considering a diversity of factors and local particularities.