Vicissitudes of Mexico’s competitiveness vis-à-vis trading partners: The United States, China, Canada and Brazil
DOI:
https://doi.org/10.32870/mycp.v13i38.884Keywords:
competitiveness, competitive advantages, transactional costs, neo-institutuional, productivityAbstract
This article aims to carry out a medium-term comparative analysis that allows us to know the evolution and sources of competitiveness of Mexico and its main trading partners: The United States, China, and Canada, which occupy the first, second, and third place, respectively. The analysis includes Brazil as the leading economy in Latin America. Our country benefits from the high trade surplus with partners of the United States-Mexico-Canada Agreement. These benefits contrast with the large deficit with China and other Asian economies. One of the keys to this problem links the country’s competitiveness and industrialization model. In this regard, documentary research is presented according to the systemic-neo-institutional approach that takes up the World Economic Forum of Davos and the World Bank studies. The results reveal a divergence between the WEF’s assessments, which point to a favorable evolution of Mexico’s global competitiveness, and the World Bank, which detects a deterioration in the conditions for doing business with allies to institutional regulatory norms. The analysis ranks Mexico’s competitive advantages and the weaknesses or failures that balk them in the 2011-2019 period.Downloads
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