Fecha Publicación: 23-03-2023

Mexicans seem to enjoy economic and political crossroads; the country is often faced with one because it seldom addresses its underlying challenges. Now, President Andrés Manuel López Obrador, known as AMLO, has chosen to avoid economic crossroads altogether by simply killing the goose that lays the golden eggs—and even the USMCA is at risk.

For the last four decades, Mexico has lived through a contradiction that lies at the heart of its inability to cope with the ever more complex management of a modern economy. Other nations were willing to undertake broad reforms since the 1980s—including to their political systems—to stabilize and create conditions for long-term economic development. In contrast, Mexico undertook economic reforms largely in order to avoid reforming its politics. Therein lies the huge difference in results between Mexico and Chile, or between Mexico and its Asian peers.

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