, Columnist
What’s Holding Mexico’s Economy Back
It won’t grow faster without addressing weaknesses in education and productivity.
Economically speaking, there isn’t much to celebrate.
Photographer: Pedro Pardo/AFP/Getty Images
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With the election of Andrés Manuel López Obrador as president of Mexico, the perennial question resurfaces: Might Mexico see a higher rate of growth? Its economy has grown at a rate of about 2 percent per year for about a quarter century, about half the pace of other emerging nations.
The sad reality is that the new Mexican regime probably cannot improve its economic performance unless it can address basic problems with education and productivity.