World Bank2013-11-182013-11-182013-06https://hdl.handle.net/10986/16302Mexico needs to broaden and deepen its financial system without compromising the financial stability gains of the last decade. Much more private investment is needed to transform the economy to boost productivity, and despite improvements in recent years, many households and firms still lack adequate access to financial services. Strengthening competition and streamlining key regulations for firms are key to increasing Mexico's competitiveness. This note provides a medium-term agenda for supporting Mexico's competitiveness by fostering greater innovation. This policy note outlines short- and medium-term policy options for addressing critical challenges affecting labor markets in Mexico, and in particular labor productivity. This note reviews the challenges in Mexico's social protection system and possible options to achieve an integral and effective system that is more than the sum of its parts. This policy note contributes to the debate on Mexico's looming fiscal challenges. To achieve higher growth and reduce poverty and inequality, Mexico needs to improve public service delivery. This note assesses Mexico's pending subnational fiscal reform agenda. This note is structured as follows: chapter one is fostering sound financial sector development; chapter two is toward a more competitive business environment; chapter three is fostering innovation for productivity and competitiveness; chapter four gives labor markets for inclusive growth; chapter five deals with promoting an integral social protection system; chapter six deals with reducing the footprint of growth; chapter seven gives ways of using natural resources in an optimal way; chapter eight presents managing medium-term fiscal challenges; chapter nine deals with strengthening public revenue and expenditure management to enhance service delivery; and chapter ten is strengthening subnational public finance.En este conjunto de notas se detallan las principales reformas que debe afrontar México para lograr un crecimiento incluyente y sustentable del país. Entre ellas destacan ampliar y hacer más eficiente el sistema, fomentar la innovación para la productividad y la competitividad, delinear opciones de política de corto y mediano plazo para enfrentar los desafíos que afectan los mercados de trabajo y la productividad laboral, revisar el sistema de protección social, usar de manera optima los recursos forestales, o reforzar el ingreso del gasto público para mejorar el suministro de servicios.en-USCC BY 3.0 IGOACCESS TO BANKACCESS TO CREDITACCOUNTINGASYMMETRIC INFORMATIONATMSBAILOUTSBALANCE SHEETBALANCE SHEETSBANK LENDINGBANK LOANBANK LOANSBANKING SERVICESBARRIERS TO ENTRYBENEFICIARIESBEST PRACTICEBEST PRACTICESBONDBONDSBORROWERBROKERAGE ACTIVITIESBUDGETINGBUSINESS OPERATIONSCADASTRECAPITAL MARKETCAPITAL MARKET DEVELOPMENTCAPITAL MARKETSCASH PAYMENTCHAMBERS OF COMMERCECOLLATERALCOLLATERAL REGISTRATIONCOLLATERAL REGISTRIESCOLLATERAL REQUIREMENTSCOMMERCIAL BANKCOMMERCIAL BANK CREDITCOMMERCIAL BANK LENDINGCOMMERCIAL BANKSCOMPLIANCE COSTSCONFLICT OF INTERESTCONSUMERCONSUMER COMPLAINTSCONSUMER CREDITCONSUMER FINANCIAL EDUCATIONCONSUMER PROTECTIONCONSUMER PROTECTION LAWSCONSUMER RIGHTSCONSUMERSCONTRIBUTIONCONTRIBUTION RATECONTRIBUTION RATESCREDIT BUREAUCREDIT BUREAUSCREDIT CARDSCREDIT COOPERATIVESCREDIT GUARANTEECREDIT HISTORIESCREDIT LINECREDIT MARKETSCREDIT REPORTSCREDITORCREDITOR RIGHTSCREDITORSCREDITSDEBIT CARDSDEBTDEBT COLLECTIONDEBTORDEBTORSDEPOSITDEPOSITORSDEPOSITSDEVELOPMENT BANKDEVELOPMENT BANKSDIRECT COSTSDIRECT INVESTMENTDIVERSIFICATIONECONOMIC VALUEECONOMIC WELFAREECONOMICSEDUCATION PROGRAMSEMPIRICAL EVIDENCEEMPIRICAL RESEARCHENERGY EFFICIENCYENERGY TAXESENVIRONMENTALEQUITY MARKETEQUITY MARKETSEXPENDITURESEXTENSION CENTERSEXTERNALITIESFINANCIAL ASSETSFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL EDUCATIONFINANCIAL EDUCATION EFFORTSFINANCIAL GROUPSFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL LITERACYFINANCIAL MANAGEMENTFINANCIAL PRODUCTSFINANCIAL REGULATORFINANCIAL SAVINGSFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL SYSTEMFINANCIAL TRANSACTIONSFISCAL POLICYFOREST MANAGEMENTFORESTRYFUND ASSETSFUND MANAGERSGOVERNMENT BONDSGOVERNMENT REGULATIONSHEDGESHOUSEHOLD SPENDINGINCENTIVE MECHANISMINCOME SECURITIESINFORMATION SYSTEMSINFORMATION TECHNOLOGYINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANYINTEREST RATEINTERNATIONAL BANKINTERNATIONAL PRICEINVESTINGINVESTMENT CLIMATEINVESTMENT PERFORMANCEJUDICIAL PROCESSLABOR FORCELABOR MARKETLABOR MARKETSLAND USELARGE BANKSLEARNING CURVELENDERSLIABILITYLOAN ACTIVITIESLOAN AMOUNTLOAN PORTFOLIOSLOW INCOMELOW-INCOMEMARKET CAPITALIZATIONMARKET COMPETITIONMARKET FOR GOVERNMENT DEBTMARKET POWERMARKET SHAREMARKETINGMATURITYMATURITY TRANSFORMATIONMOBILE PHONEMORTGAGEMOVABLE ASSETSMUTUAL FUNDMUTUAL FUND ASSETSMUTUAL FUNDSNATURAL DISASTERSNATURAL RESOURCESNEGATIVE EXTERNALITIESNEW ENTREPRENEURSNOTARYOILOIL PRICEPATENTSPAYMENT SERVICESPAYMENT SYSTEMSPENSIONPENSION FUNDPENSION FUND ASSETSPENSION FUNDSPENSION SYSTEMPERMANENT WORKERSPRIVATE CREDITPRIVATE INVESTMENTPRODUCERSPRODUCTIVE INVESTMENTSPRODUCTIVITYPROPERTY RIGHTSPUBLIC EXPENDITUREPUBLIC FINANCEPUBLIC GOODPUBLIC-PRIVATE PARTNERSHIPPURCHASING POWERREAL ESTATEREGISTRATION SYSTEMREGULATORY BARRIERSREPLACEMENT RATESREPOSSESSIONREPOSSESSION OF COLLATERALRETAIL BANKSRISK MANAGEMENTSALARYSALESSAVINGSSAVINGS ACCOUNTSSECONDARY EDUCATIONSECURITIESSECURITY INTERESTSSENIORSEVERANCE PAYSKILLED WORKERSSMALLER FIRMSSOCIAL PROTECTIONSOCIAL WELFARESTOCK EXCHANGESTOCK MARKETSTOCK MARKET CAPITALIZATIONSTOCK MARKET TURNOVERSUSTAINABLE GROWTHTAXTAX COLLECTIONTAX CREDITSTAX REFORMTAX REVENUETECHNOLOGICAL PROGRESSTELECOMMUNICATIONSTERM CONTRACTSTRANSACTIONTRANSACTION COSTSTRANSPARENCYTREASURYVALUABLEVALUATIONYOUNG CHILDRENWorld Bank10.1596/16302