To Reform Mexico’s Economy, Peña Nieto Must Tackle ‘Culture of Monopolies’

Newly inaugurated Mexican President Enrique Peña Nieto promised during his campaign to triple Mexico’s GDP growth rate to 5-6 percent annually. In order to even approach that lofty goal, Peña Nieto must confront the country’s bloated monopolies that discourage competition and raise the cost of goods and services for Mexicans. Complicating this already monumental task is Mexico’s entrenched culture of monopolies, which will be harder to defeat than the actual monopolies themselves. When it comes to Mexican monopolies, the big offenders are well-known: Telmex, the telecommunications conglomerate owned by the world’s richest man, Carlos Slim; Televisa, the largest multimedia company […]

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