Over the last ten years, Mexican competitiveness and income inequality have remained at a long impasse. Currently, the nation ranks number 51 among 138 indexed nations.
YOU CAN’T ALWAYS GET WHAT YOU WANT… OR WHAT YOU NEED
February 25, 2019
Over the last ten years, Mexican competitiveness and income inequality have remained at a long impasse. Currently, the nation ranks number 51 among 138 indexed nations.
Competitiveness refers to a nation’s ability to compete for resources, increase investment and productivity, and generate growth and prosperity to improve quality of life. However, a better standard of living can only be achieved when domestic businesses can compete equally against businesses from other countries, sustaining themselves while increasing income and production efficiency. In other words, a business must manage skills, resources, and capabilities to prosper. Thus a nation’s competitiveness depends on the collective competitiveness of its firms.
