4 June 2014
Mexico: A 'Two-speed' Economy?
Venue: Chatam House
Time: 8:30- 10:00 a.m.
Over the past 20 years, Mexico has become a global manufacturing leader, attracting investors and multinationals from around the world. However, the country’s economic growth continues to disappoint. At this event Jaana Remes, co-author of the McKinsey Global Institute report A tale of two Mexicos: Growth and Prosperity in a Two-Speed Economy, will present the report’s main findings. She will argue that the root cause of Mexico’s disappointing economic growth is a chronic productivity problem that stems from a dual economy. A modern, fast-growing Mexico with globally competitive multinationals and cutting-edge manufacturing plants co-exists with a far larger group of traditional Mexican enterprises that do not contribute to growth. The panel will discuss Mexico’s path to becoming a fully advanced economy and the opportunities and challenges that lie ahead.
Jaana Remes, Partner, McKinsey Global Institute
Sean Dougherty, Head, Latin America Members Unit, Economic Department, OECD
Andrew Palmer, Americas Editor, The Economist
Chair: Paola Subacchi, Research Director, International Economics, Chatham House
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