".. things are looking up for Mexico across all three of Robert Solow’s measures. Firstly, high manufacturing costs in China are improving the competitiveness and demand-environment for Mexican factories. Secondly, Brazil may have become too dependent on commodity-led growth. While moving resources to the commodity sector allowed Brazil to exploit a comparative advantage, many now see limited opportunity to improve total factor productivity, something which is usually limited to manufacturing. And although Brazil enjoyed a strong reforming government led by Hernando Cardozo in the 1990s, the last decade has been one of increasing welfare costs rather than additional reform. In Mexico by contrast, a newly reinstated PRI, a centre-right party, has promised to continue along the path of supply-side reform pursued by the previous government.
Mais
Nenhum comentário:
Postar um comentário