‘Crucially, its population is young and expanding, the single biggest factor for growth’
in those supply-side reforms – they are potentially a huge plus for productivity gains because they are meant to make it easier for borrowers to get credit, to get connected, and to make that workforce even more open and flexible.”
Not everyone is happy, though, as so often is the case when change ripples through society. For several months at the end of last year, there were protests from teachers who set up a tented camp in Zocalo (Constitution Square) and blocked roads to the airport. On at least one occasion, there were violent clashes as police tried to disperse them with tear gas.
Still, for a spectator, the reforms – which have since gone through – seem reasonable. Teaching positions can no longer be bought, or inherited by family members, and teachers will have to undergo systematic evaluations to ensure they are up to the job.
Oiling the Engine of Growth
Another major reform is shaking up the energy industry. Mexico is the world’s