Mexico in the face of the crisis: reforming to move forward

Abstract

In difficult times, one of the most commonly used strategies to get ahead is to make business-related reforms, from the processes to open a business, to paying taxes, to hiring workers. Mexico is no stranger to reforms and has taken important steps recently, but it is far behind the world leaders in these categories. Several countries have found themselves in situations similar to Mexico's and have carried out reforms that have brought substantial benefits. This paper compares Mexico with world leaders and exceptional reformers in ease of starting a business, ease and low cost of taxation, and ease of hiring a worker.