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Mexico, Moving Forward

Good Essays

Education is one of the biggest, most important factors that must be addressed in order to improve all current conditions in Mexico. In recent times the Mexican government has made efforts to bridge the enormous gap in education, such as the “Oportunidades” program. However the results of their efforts have been very minimal. Statistics show that “just 21 percent of Mexicans aged 25-34 have completed high school, compared with 95 percent of South Koreans” and only about “8 percent of Mexicans 18+, holds a Bachelors degree” (Jackson, 2005, 17). Education amongst the elderly population is even scarcer, the percentage of people aged 55 to 64 who have complete secondary school in 2005, was at about “5% for Mexicans who had only completed …show more content…

With advances in these areas Mexico will be able to generate more revenue and therefore have more resources available to reinvest in their country. In order to more forward and improve as a Nation, Mexico must do the opposite of what it is currently doing, Mexico must support innovation and provide business incentives.“Mexico’s inflexible labor markets are a major obstacle to growth in the economy and living standards” (Jackson, 2005, 23). High compliance costs: “From job rules that make it difficult to fire unproductive workers to rigid seniority pay scales and limitations on short-term and part-time contracts, Mexico’s excessive labor-market regulation increases the cost of doing business and discourages employees from starting new enterprises or expanding old ones”. “Without developed capital markets, Mexico will remain overly dependent on foreign investment” (Jackson, 2005, 25). Lastly, in order to insure a better quality of life for the elderly, Mexico must work on, “creating a universal old-age safety net” (Jackson, 2005, 26). Older individuals should have access to reasonable living conditions, adequate health care, nutrition, and pensions which many currently do not have. “Roughly one in four Mexican elders now live in extreme poverty-a share that could rise in the future unless

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