World Bank2013-10-032013-10-032013-05https://hdl.handle.net/10986/16077This note presents an overview of Mexico's forthcoming reform agenda-from the World Bank's vantage point. It distills the main messages in the policy notes that make up this compendium. The purpose is not to provide definitive answers to the many policy questions likely to occupy the New Mexican administration, or to provide a comprehensive account of progress to date and policy recommendations. Instead, it is to provide a view of the main challenges facing Mexico in its quest for inclusive and sustainable growth-and to propose feasible policy options to address them. Mexico has achieved remarkable economic and social progress over the past several decades. The country has become an investment grade borrower with solid global standing in capital markets. It is a model of financial and commercial integration and of prudent macroeconomic management. The economic literature offers several explanations for Mexico's low productivity growth. An underdeveloped financial system, labor market rigidities, high informality, scarce skilled labor, regulatory barriers for doing business, and weak innovation and limited market competition are often cited as binding constraints to productivity growth. Mexico faces challenges as it seeks to develop a labor market that protects workers, creates more and better jobs for men and women, and improve their long term standard of living. Finally, a comprehensive system for tracking and monitoring progress and environmental pressures needs to be developed.en-USCC BY 3.0 IGOACCESS TO BANKACCOUNTINGACCOUNTING FRAMEWORKACCOUNTING STANDARDSADMINISTRATIVE PROCEDURESASYMMETRIC INFORMATIONAUCTIONSBAILOUTSBANK LOANBANKING SECTORBANKING SYSTEMBARRIERS TO COMPETITIONBARRIERS TO ENTRYBENEFICIARIESBENEFICIARYBINDING CONSTRAINTBUDGETINGCAPITAL MARKETCAPITAL MARKET DEVELOPMENTCAPITAL MARKETSCARBONCARBON DIOXIDECASH PAYMENTCLIMATE CHANGECOLLATERALCOLLATERAL REGISTRATIONCOLLATERAL REGISTRIESCOLLATERAL REQUIREMENTSCOMMERCIAL BANKCOMMERCIAL BANK CREDITCOMMERCIAL BANK LENDINGCOMMERCIAL BANKSCOMMON PROPERTYCOMPETITIVE MARKETCONFLICT OF INTERESTCONSUMER CREDITCONSUMER PROTECTIONCONSUMPTION PATTERNSCONTRACT ENFORCEMENTCREDIT BUREAUSCREDIT COOPERATIVESCREDIT EXPANSIONCREDIT GUARANTEECREDIT GUARANTEESCREDIT HISTORIESCREDIT INFORMATIONCREDIT INFORMATION SYSTEMCREDIT INFORMATION SYSTEMSCREDIT LINECREDIT MARKETSCREDIT PROGRAMSCREDIT REPORTINGCREDIT REPORTING SYSTEMSCREDITORCREDITOR RIGHTSCREDITORSDEBTDEBTORDEBTORSDEMOGRAPHIC TRANSITIONDEPOSITDEPOSITORSDEPOSITSDEVELOPING COUNTRIESDOMESTIC CREDITDOMESTIC MARKETDOUBLE DIVIDENDECONOMIC ACTIVITYECONOMIC GROWTHECONOMIC VALUEECONOMICSECONOMISTSEFFLUENTSEMERGING MARKETEMERGING MARKET ECONOMIESEMERGING MARKETSEMISSIONSEMPIRICAL EVIDENCEENERGY CONSUMPTIONENERGY EFFICIENCYENVIRONMENTALENVIRONMENTAL DEGRADATIONENVIRONMENTAL PERFORMANCEENVIRONMENTSEQUIPMENTEQUITY MARKETSEXPENDITUREEXPENDITURESEXTERNALITIESFEDERAL BUDGETFINANCIAL ASSETSFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL SAVINGSFINANCIAL SECTOR DEVELOPMENTFINANCIAL STABILITYFINANCIAL SYSTEMFISCAL BURDENFISCAL DISCIPLINEFISCAL POLICYFORESTRYFRAUDGLOBALIZATIONGOVERNMENT BONDSGOVERNMENT POLICIESGOVERNMENT SPENDINGHUMAN CAPITALHUMAN DEVELOPMENTINCOME GROWTHINCOME INEQUALITYINCOME LEVELSINCOME SECURITIESINCOME TAXINCOME TAXESINFORMATION SYSTEMINFORMATION TECHNOLOGIESINSTITUTIONAL INVESTORSINSURANCEINTERMEDIATE GOODSINTERNATIONAL BANKINTERNATIONAL FINANCEINTERNATIONAL STANDARDSINVESTMENT GRADE BORROWERLABOR COSTSLABOR FORCELABOR MARKETLABOR MARKET FAILURESLABOR MARKETSLABOR PRODUCTIVITYLAND USELEGAL FRAMEWORKLEGAL IMPEDIMENTLENDERSLEVYLIABILITYLIQUIDATIONLOAN AMOUNTMACROECONOMIC MANAGEMENTMACROECONOMIC POLICYMACROECONOMIC STABILITYMARKET COMPETITIONMARKET CONDITIONSMARKET ECONOMIESMARKET EFFICIENCYMARKET FOR GOVERNMENT DEBTMARKET REFORMMATURITIESMATURITYMATURITY TRANSFORMATIONMOBILE PHONEMOBILE PHONESMONETARY FUNDMORTGAGEMORTGAGE LOANMOVABLE ASSETSMUTUAL FUNDSNATURAL DISASTERSNATURAL RESOURCESNEGATIVE EXTERNALITIESNOTARYOILOIL RESERVESOLD-AGE INCOMEPAYMENT SERVICESPAYMENT SYSTEMSPENSIONPENSION FUNDSPENSION SYSTEMPENSIONSPOLICY RESPONSESPOLITICAL ECONOMYPOLLUTIONPOPULATION GROWTHPRIVATE BONDPRIVATE INVESTMENTPRODUCTIVE INVESTMENTSPRODUCTIVITY GROWTHPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC EXPENDITURESPUBLIC FINANCEPUBLIC FINANCESPUBLIC GOODSPUBLIC SPENDINGPURCHASING POWERREAL WAGESREGISTRATION SYSTEMREGISTRY SYSTEMSREGULATORY BARRIERSREGULATORY CONSTRAINTSRESOURCE ALLOCATIONRESOURCE MANAGEMENTRISK MANAGEMENTSAFETY NETSSECURITIESSECURITY INTERESTSSUSTAINABLE DEVELOPMENTSUSTAINABLE GROWTHTAXTAX COLLECTIONTAX REGIMESTAX REVENUETAX SYSTEMTECHNOLOGICAL PROGRESSTELECOMMUNICATIONSTIMBERTRADEOFFSTRANSACTIONTRANSACTION COSTSTRANSPARENCYUNEMPLOYMENTUNSECURED CREDITSWAGESWASTE DISPOSALWATER POLLUTIONWITHDRAWALWorld Bank10.1596/16077