Mexico: A ‘Two-speed’ Economy?
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
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.
The event is held with the support of McKinsey & Company.
This meeting is the fourth in a series of events held by the International Economics department as part of the new project 'Latin America: the 'Next Big Thing' within the Global Economy?'.
The Chatham House Rule
To enable as open a debate as possible, this event will be held under the Chatham House Rule.