While Mexico has potential to grow rapidly, its economic growth has remained low for the past three decades. There is no consensus on the country s development path or on how to achieve specific goals. Since the policy debate remains ideological and lacks pragmatism, productive development...

This study addresses why Mexico continues to show below-average economic growth rates in spite of displaying systematically higher domestic savings than other countries in the region. Using the wealth of relevant databases available for the country, the paper finds that a possible explanation is...