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Regulatory Transformation in Mexico 1998 2000

Regulatory Transformation in Mexico 1998 2000

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Published by nedivanova
The situation in Mexico two decades ago was
not unlike that facing many countries today.
The economy was heavily regulated and pro-
tected. Industries and services in many areas
were shielded from foreign and national compe-
tition, and the federal government operated
thousands of enterprises in a range of sectors.
But in the late 1980s the government launched
a major reform effort aimed at changing all that.
The situation in Mexico two decades ago was
not unlike that facing many countries today.
The economy was heavily regulated and pro-
tected. Industries and services in many areas
were shielded from foreign and national compe-
tition, and the federal government operated
thousands of enterprises in a range of sectors.
But in the late 1980s the government launched
a major reform effort aimed at changing all that.

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Published by: nedivanova on Mar 03, 2010
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11/10/2013

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linked to positive economic developments. The
private sector share of Gross Domestic Product
(GDP) rose from around 60 percent in 1980 to
nearly 90 percent by the end of the 1990s.
Between 1983 and 2000 non-oil exports jumped
from $12 billion to $150 billion, and trade grew
from 26 percent of GDP to 64 percent. Foreign
direct investment levels more than doubled from
1993 to 1994 and persisted at similar levels even
in the face of the 1994–95 economic crisis.

Improvements in governance were also recorded.
Governance indicators published by the World
Bank point to high marks in regulatory quality
for Mexico from 1996 to 2000—and to substan-
tial improvement in government effectiveness,
rule of law, and control of corruption.

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