Abstract

CALVA, José Luis. Nodal challenges to economic development in Mexico during the five-year period 2020-2024. Prob. Des [online]. 2020, vol.51, n.202, pp.25-44.  Epub Nov 09, 2020. ISSN 0301-7036.  https://doi.org/10.22201/iiec.20078951e.2020.202.69638.

This article examines important development challenges: how to generate enough paying jobs for young people who are looking for work for the first time; gradually absorb the huge backlog of decent jobs; improve the functional distribution of income via a sustained increase in real wages; and how to eradicate extreme poverty while reducing moderate poverty. To overcome these challenges, it is crucial to ensure that the Mexican economy grows at a rate higher than 6% per year. This cannot be achieved with the neoliberal strategy, which has yielded an annual growth of barely 2.3% over the past six six-year periods. Economic growth at rates seen in Asia is feasible using a sound development strategy.

Keywords : Mexican economy; economic growth; political economy; employment; income distribution.

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